Capital One APR?

[Anonymous]

Does Capital One ever offer APR reductions that are not on a promotional basis?

I've contacted them a couple times asking about APR reduction and both times they have offered a 7 month decrease, but would bounce back to my 23.15% after the promo.  I'm not looking to carry a balance, as it's PIF every month; and now that my FICO is almost 100 points higher than it was two years ago when I got the account, I'm just working on what I got.

Has anyone had success with Cap One reducing APR, or have any good strategies to get a more permanent solution?

[elim]

As your profile grows they offer decent rates on new products. My last with Cap1 was 12.9% Venture.

[Anonymous]

So my best option is to just try for another card with lower APR?

[kdm31091]

They do not offer permanent reductions. Your only option is to reapply and hope for a better APR.

[JamP]

Easy answer is Yes try for another card. Watch your prequals. 

I just asked on Chat and they gave me a 4% reduction for 7 months. Didn't really need it but figured I would ask since its been quite a long time since trying. Was hoping for a 0% period like Discover just gave me.

You may be able to email EO and see if they can do anything.

[Anonymous]

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@JamP wrote:

Easy answer is Yes try for another card. Watch your prequals. 

I just asked on Chat and they gave me a 4% reduction for 7 months. Didn't really need it but figured I would ask since its been quite a long time since trying. Was hoping for a 0% period like Discover just gave me.

You may be able to email EO and see if they can do anything.

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I might just do EO route.  I'm really not into another triple pull on something that's just nice to have.  If I can't do it without another round of hard pulls, it's not at all worth it as I PIF every month.

Thanks for the help.

[shan247]

I ask for a reduction and received one from CAP ONE EO! It went from %24.99 to %21.15  and it's permanent, still high but better than before.