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Chase Denied APR Reduction

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CreditMagic7
Mega Contributor
‎04-04-2015 02:22 PM
‎04-04-2015 02:22 PM

Re: Chase Denied APR Reduction

@Ghoshida wrote:
@Anonymous wrote:
@Ghoshida wrote:
@Anonymous wrote:

Chase denied my request for an APR reduction on my Ritz Carlton Card, it is curretly at 15.9%. I have this card for 11 months now. They replied back to me saying: "The current APR that you have now is the lowest that we offer", I do not think this is true, but I am glad that I do not carry balance on this card & this is the only one that I have with them. 

This is the only APR they offer on the Ritz-Carlton. It's the same as with Chase Sapphire Preferred, and Southwest Premier, Marriott etc.

 

You get a fixed APR on all these cards. It doesn't matter if you've had the card for a while or not.

 

However, even with the cards like Freedom where they have a flexible APR, Chase is notorious in not reducing the APR. I opened a thread on this recently. I'll try that in a few months.

Good to know, I had CSP in mind, but I will pass for now.

You should not apply for these rewards cards with APR in mind. None of these cards offer low APR; or 0% promos. If you want low APRs, Freedom and Slate are your best bet with Chase.

I respectfully beg to differ on that one.

 

I have a Freedom with an ugly 22.99 and also a PreQualification for Slate right now with the same high APR.

On my CSP the APR is a much better 15.99.

Message 11 of 17
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Anonymous
Not applicable
‎04-04-2015 02:26 PM
‎04-04-2015 02:26 PM

Re: Chase Denied APR Reduction

@CreditMagic7 wrote:
@Ghoshida wrote:
@Anonymous wrote:
@Ghoshida wrote:
@Anonymous wrote:

Chase denied my request for an APR reduction on my Ritz Carlton Card, it is curretly at 15.9%. I have this card for 11 months now. They replied back to me saying: "The current APR that you have now is the lowest that we offer", I do not think this is true, but I am glad that I do not carry balance on this card & this is the only one that I have with them. 

This is the only APR they offer on the Ritz-Carlton. It's the same as with Chase Sapphire Preferred, and Southwest Premier, Marriott etc.

 

You get a fixed APR on all these cards. It doesn't matter if you've had the card for a while or not.

 

However, even with the cards like Freedom where they have a flexible APR, Chase is notorious in not reducing the APR. I opened a thread on this recently. I'll try that in a few months.

Good to know, I had CSP in mind, but I will pass for now.

You should not apply for these rewards cards with APR in mind. None of these cards offer low APR; or 0% promos. If you want low APRs, Freedom and Slate are your best bet with Chase.

I respectfully beg to differ on that one.

 

I have a Freedom with an ugly 22.99 and also a PreQualification for Slate right now with the same high APR.

On my CSP the APR is a much better 15.99.

Wow, Freedom is an ugly APR.

Message 12 of 17
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lg8302ch
Senior Contributor
‎04-04-2015 02:35 PM
‎04-04-2015 02:35 PM

Re: Chase Denied APR Reduction

@Anonymous wrote:
@CreditMagic7 wrote:
@Ghoshida wrote:
@Anonymous wrote:
@Ghoshida wrote:
@Anonymous wrote:

Chase denied my request for an APR reduction on my Ritz Carlton Card, it is curretly at 15.9%. I have this card for 11 months now. They replied back to me saying: "The current APR that you have now is the lowest that we offer", I do not think this is true, but I am glad that I do not carry balance on this card & this is the only one that I have with them. 

This is the only APR they offer on the Ritz-Carlton. It's the same as with Chase Sapphire Preferred, and Southwest Premier, Marriott etc.

 

You get a fixed APR on all these cards. It doesn't matter if you've had the card for a while or not.

 

However, even with the cards like Freedom where they have a flexible APR, Chase is notorious in not reducing the APR. I opened a thread on this recently. I'll try that in a few months.

Good to know, I had CSP in mind, but I will pass for now.

You should not apply for these rewards cards with APR in mind. None of these cards offer low APR; or 0% promos. If you want low APRs, Freedom and Slate are your best bet with Chase.

I respectfully beg to differ on that one.

 

I have a Freedom with an ugly 22.99 and also a PreQualification for Slate right now with the same high APR.

On my CSP the APR is a much better 15.99.

Wow, Freedom is an ugly APR.

ugly  ?? oh no .... isn't 22,99% a nice figure?   Welcome to the club!  What I would suggest is to work on APR reductions with all other lenders but  Chase (a seedless mission) and then you can smile at this figure..lol.. works perfect for me and I have given up hope for  ever changing any APR with Chase.  

Message 13 of 17
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CreditMagic7
Mega Contributor
‎04-04-2015 03:03 PM
‎04-04-2015 03:03 PM

Re: Chase Denied APR Reduction

+1

 

Exactly! It is by design that Chase's model issues mostly fixed rate APR's in this manner since they do exceptionally well with moving limits around for their customers. Smiley Happy

Message 14 of 17
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Ghoshida
Valued Contributor
‎04-04-2015 03:06 PM
‎04-04-2015 03:06 PM

Re: Chase Denied APR Reduction

@CreditMagic7 wrote:
@Ghoshida wrote:
@Anonymous wrote:
@Ghoshida wrote:
@Anonymous wrote:

Chase denied my request for an APR reduction on my Ritz Carlton Card, it is curretly at 15.9%. I have this card for 11 months now. They replied back to me saying: "The current APR that you have now is the lowest that we offer", I do not think this is true, but I am glad that I do not carry balance on this card & this is the only one that I have with them. 

This is the only APR they offer on the Ritz-Carlton. It's the same as with Chase Sapphire Preferred, and Southwest Premier, Marriott etc.

 

You get a fixed APR on all these cards. It doesn't matter if you've had the card for a while or not.

 

However, even with the cards like Freedom where they have a flexible APR, Chase is notorious in not reducing the APR. I opened a thread on this recently. I'll try that in a few months.

Good to know, I had CSP in mind, but I will pass for now.

You should not apply for these rewards cards with APR in mind. None of these cards offer low APR; or 0% promos. If you want low APRs, Freedom and Slate are your best bet with Chase.

I respectfully beg to differ on that one.

 

I have a Freedom with an ugly 22.99 and also a PreQualification for Slate right now with the same high APR.

On my CSP the APR is a much better 15.99.

I'm sorry I wasn't clear. I'm in the same boat; my CSP and SW Premier have the fixed, lower APR while my Freedom is scary.

 

However, it's only with Freedom (or Slate) that you have the possibility of having a lower APR (like 12.99%, 0% promo for 12-15 months etc.), if you apply at a later point in life when you've got big scores in your favor. With the CSP, Marriott, Ritz and the like, you're always going to get 15.99% (unless there's some MyFico special that I don't know of). The only thing that's going to change between a 700 EX and a 800 EX is the CL that Chase is going to offer you on day 1.

 

So my bet is if a couple of years down the line I were to apply for the Slate and the Marriott simultaneously, I'll get 3% lower APR - given all else goes well. 

Message 15 of 17
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Ghoshida
Valued Contributor
‎04-04-2015 03:06 PM
‎04-04-2015 03:06 PM

Re: Chase Denied APR Reduction

@lg8302ch wrote:
@Anonymous wrote:
@CreditMagic7 wrote:
@Ghoshida wrote:
@Anonymous wrote:
@Ghoshida wrote:
@Anonymous wrote:

Chase denied my request for an APR reduction on my Ritz Carlton Card, it is curretly at 15.9%. I have this card for 11 months now. They replied back to me saying: "The current APR that you have now is the lowest that we offer", I do not think this is true, but I am glad that I do not carry balance on this card & this is the only one that I have with them. 

This is the only APR they offer on the Ritz-Carlton. It's the same as with Chase Sapphire Preferred, and Southwest Premier, Marriott etc.

 

You get a fixed APR on all these cards. It doesn't matter if you've had the card for a while or not.

 

However, even with the cards like Freedom where they have a flexible APR, Chase is notorious in not reducing the APR. I opened a thread on this recently. I'll try that in a few months.

Good to know, I had CSP in mind, but I will pass for now.

You should not apply for these rewards cards with APR in mind. None of these cards offer low APR; or 0% promos. If you want low APRs, Freedom and Slate are your best bet with Chase.

I respectfully beg to differ on that one.

 

I have a Freedom with an ugly 22.99 and also a PreQualification for Slate right now with the same high APR.

On my CSP the APR is a much better 15.99.

Wow, Freedom is an ugly APR.

ugly  ?? oh no .... isn't 22,99% a nice figure?   Welcome to the club!  What I would suggest is to work on APR reductions with all other lenders but  Chase (a seedless mission) and then you can smile at this figure..lol.. works perfect for me and I have given up hope for  ever changing any APR with Chase.  

Liliane, I haven't given up on the mission to Signature. You're my pioneer w.r.t. that.

Message 16 of 17
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Anonymous
Not applicable
‎04-08-2015 09:09 AM
‎04-08-2015 09:09 AM

Re: Chase Denied APR Reduction

I have a Chase Amazon Rewards with 19.24% and figured I'd give it a shot and was denied- hey, it was 3 minutes and the worst they could say was no, right- worth a shot.  Oh well, I'll try on the Citi as soon as it's paid down a bit more, I've read they're more amenable to requests

Message 17 of 17
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