@HeavenOhio wrote:@SomewhereIn505, did your interest rate go up drastically, or was the increase minimal? The reason I ask is that PCs aren't supposed to change card terms other than the rewards structure and possibly the annual fee. Interest rates have been going up a little on almost all cards. Could your increase have been one that would have happened anyway?
It was minimal. I think to cover the rewards portion (or at least that is what I think it was). At the time I PC'd it was my only card and I was swipping and making weekly payments. Perhaps that is why they gave me a higher than stated steps CLI.
On my QS1, I barely swipped, but PIF. They still gave me a higher than stated steps CLI. The only thing I can think of is that I have a good internal score with them.
Now I'm just waiting to see when Cap One will allow me to combine the accounts into a single card. Per Cap One CSR, that system is automated and supposidly they (the CSR supervisor) cannot override it.
The prime rate just increased recently, so that might have been what it was if it was an increase of 0.25%. Everyone should have got that rate increase though. Unfortunately, unless you have something monitoring your accounts, you won't get notified. I use Mint so that's how I found out, when I got an alert my APR went up.
@SomewhereIn505 wrote:
@HeavenOhio wrote:@SomewhereIn505, did your interest rate go up drastically, or was the increase minimal? The reason I ask is that PCs aren't supposed to change card terms other than the rewards structure and possibly the annual fee. Interest rates have been going up a little on almost all cards. Could your increase have been one that would have happened anyway?
It was minimal. I think to cover the rewards portion (or at least that is what I think it was). At the time I PC'd it was my only card and I was swipping and making weekly payments. Perhaps that is why they gave me a higher than stated steps CLI.
On my QS1, I barely swipped, but PIF. They still gave me a higher than stated steps CLI. The only thing I can think of is that I have a good internal score with them.
Now I'm just waiting to see when Cap One will allow me to combine the accounts into a single card. Per Cap One CSR, that system is automated and supposidly they (the CSR supervisor) cannot override it.
