I spoke with someone really nice in that office last Feb and they wanted an HP to do anything. If it's gonna cost an HP, pretty your score up a little first.
Starting Score: 675
@FinStar wrote:
@shane82388 wrote:
@FinStar wrote:Well, it has been a while...
Hmmm... APR% reduction, unlikely. Your account was likely coded (high risk) during the time it was opened based on their internal risk factors hence why it didn't get the best terms (on recon IIRC). Probably best to get a new CC if your profile/scores have improved.
CLI without HP, although rare, it's happened - YEMV though even by Chase EO standards. Best results for something like this to happen is if you are a well-leveraged client with a substantial deposit relationship (>$25K). Even if you decide the HP route, they can't "promise" anything of $15K like your BOA CC, they can only go by internal limit and other factors.
Ah man I'd love to lower the 22.99% APR on my Chase Freedom as well...I know everyone will just say "Just dont carry a balance and it doesnt matter!" but its not about that so much...its just annoying having such a high APR when you are now not deserving of such an APR and just want it lowered for my own satisfaction. :-)
While that may seem like the ideal logic, it doesn't work that way. Chase, unlike BOA or AMEX, doesn't have such flexibility for lowering APRs. Accounts are coded based on internal risk factors at the time of approval which typically based on such algorithm determines your price for credit. To look at it one way, you got approved, but the price for getting approved based on risk resulted in a higher APR instead of being denied (or denied altogether even on recon).
Individuals with good/excellent credit always receive the lowest APRs. That's just how the credit market works, mortgages, auto financing, CCs, etc.
That is very relative. I had 783 EQ Fico at time of application for my Freedom and got also 22,99% APR. (BofA has given me 9,99% APR on both of their cards) Reason for low application score was because I applied in a spree !!! Learnt my lesson and will never do this again. Discover very low limit also due to spree.
@OP...... I wish you good luck. For me it does not really matter as I will always pif that card anyhow but I will also try to work on the APR reduction just for pricip and in February will see what will happen if I ask for a conversion to a Signature card. Since Chase has issued me a Signature card with 16K limit just recently so I do assume that my internal risk score must have drastically improved. I moved 1K to Freedom to not hear the excuse I need first a 5K limit. I am curious to see what will happen in February when I have my Freedom 13 months. For sure will try also to get an APR reduction. Please let us know what happens if you contact the EO.
Wish you all the success 
@lg8302ch wrote:
@FinStar wrote:
@shane82388 wrote:
@FinStar wrote:Well, it has been a while...
Hmmm... APR% reduction, unlikely. Your account was likely coded (high risk) during the time it was opened based on their internal risk factors hence why it didn't get the best terms (on recon IIRC). Probably best to get a new CC if your profile/scores have improved.
CLI without HP, although rare, it's happened - YEMV though even by Chase EO standards. Best results for something like this to happen is if you are a well-leveraged client with a substantial deposit relationship (>$25K). Even if you decide the HP route, they can't "promise" anything of $15K like your BOA CC, they can only go by internal limit and other factors.
Ah man I'd love to lower the 22.99% APR on my Chase Freedom as well...I know everyone will just say "Just dont carry a balance and it doesnt matter!" but its not about that so much...its just annoying having such a high APR when you are now not deserving of such an APR and just want it lowered for my own satisfaction. :-)
While that may seem like the ideal logic, it doesn't work that way. Chase, unlike BOA or AMEX, doesn't have such flexibility for lowering APRs. Accounts are coded based on internal risk factors at the time of approval which typically based on such algorithm determines your price for credit. To look at it one way, you got approved, but the price for getting approved based on risk resulted in a higher APR instead of being denied (or denied altogether even on recon).
Individuals with good/excellent credit always receive the lowest APRs. That's just how the credit market works, mortgages, auto financing, CCs, etc.
That is very relative. I had 783 EQ Fico at time of application for my Freedom and got also 22,99% APR. (BofA has given me 9,99% APR on both of their cards) Reason for low application score was because I applied in a spree !!! Learnt my lesson and will never do this again. Discover very low limit also due to spree.
@OP...... I wish you good luck. For me it does not really matter as I will always pif that card anyhow but I will also try to work on the APR reduction just for pricip and in February will see what will happen if I ask for a conversion to a Signature card. Since Chase has issued me a Signature card with 16K limit just recently so I do assume that my internal risk score must have drastically improved. I moved 1K to Freedom to not hear the excuse I need first a 5K limit. I am curious to see what will happen in February when I have my Freedom 13 months. For sure will try also to get an APR reduction. Please let us know what happens if you contact the EO.
Wish you all the success
It is relative and depends a lot on your profile, but having a FICO even in that range doesn't really translate into a low APR for some lenders. Excellent credit profiles with such similar score (or higher) tend to lean in the realm of very low utilization, a well-established file and high AAoA (no app sprees), very low or 0 inquiries and no new accounts (in a relatively short period).
If you've noticed, you don't see (if any) posts high-praising Chase for lowering APRs...if you do, it's seldom and usually based on their periodic account review elegibility and by enlarge well-leveraged Chase relationships for the most part (i.e. to keep the business). I understand the whole "principle" thing but knowing how they operate on the other side of the business, I could tell you that standard lending practices trumps principle. Just my .02c 