@longtimelurkerwrote:
@simplynoirwrote:
@Anonymouswrote:
@Anonymouswrote:I got a notification from Chase saying they were raising my rate from 8.99% fixed to 14.24% variable on my Slate card. My credit is stellar (830+ for all 3 bureaus) and I've never missed a payment or been late with them. I called and they claimed they were raising rates for all clients. They would not reason with me on the rate change. Unfortunately, this meant I had to close that account. The only reason I have it is because it's a low fixed rate.
I'm writing this post for a few reasons: First of all, I'd like to find out if anyone else has had this experience with their Chase Slate card? Secondly, I just want people to be aware of this so that they can take whatever action they think is appropriate. Sometimes these notices slip through the cracks. Finally, I'm now in the market for a low fixed rate credit card. If anyone has any ideas, feel free to let me know.
Simmons bank has the lowest rate left in the industry. I believe right now it is 9.5% interest. No frills card with no rewards. Specifically for excellent credit people who want a card to carry a balance. Have no baddies whatsoever on ones report to apply. They are very strict.
That honor goes to the NFCU Platinum with its current 7.24% variable rate and that's just from the big banks. What people don't know is there are some hidden gems in the form of your local CUs which at times carry cards with APRs in the 7-8% range; it's just a matter of looking for them if that's what interest you. Fixed rate is another story.
One major source on low APR cards is galahad15, e.g. (in Dec 2017) talks about a credit union Visa with a fixed 5.49%
Many thanks for the kind mention LTL, yup the BEFCU card has a fixed rate as low as 4.99% F. Tbh, the real credit for that card info though goes to themanwhocan, I just happened to come across it while visiting his low-APR cards page link 
@simplynoirwrote:Even if galahad15's signature of 5.49% fixed is the current that's still a hell of a deal. Gives me something to do tonight while randomly watching shows researching this CU.
Thanks for the kind words simplynoir!
@kshurikawrote:
Frankly, I'm surprised so many people on this forum even care about a rise in interest rates. Most of the members I read about and I include myself never pay interest, so why do you care about the size of the APR?
APR and limits are based on creditworthiness. I want to feel (credit)worthy!
@galahad15wrote:
@longtimelurkerwrote:
@simplynoirwrote:
@Anonymouswrote:
@Anonymouswrote:I got a notification from Chase saying they were raising my rate from 8.99% fixed to 14.24% variable on my Slate card. My credit is stellar (830+ for all 3 bureaus) and I've never missed a payment or been late with them. I called and they claimed they were raising rates for all clients. They would not reason with me on the rate change. Unfortunately, this meant I had to close that account. The only reason I have it is because it's a low fixed rate.
I'm writing this post for a few reasons: First of all, I'd like to find out if anyone else has had this experience with their Chase Slate card? Secondly, I just want people to be aware of this so that they can take whatever action they think is appropriate. Sometimes these notices slip through the cracks. Finally, I'm now in the market for a low fixed rate credit card. If anyone has any ideas, feel free to let me know.
Simmons bank has the lowest rate left in the industry. I believe right now it is 9.5% interest. No frills card with no rewards. Specifically for excellent credit people who want a card to carry a balance. Have no baddies whatsoever on ones report to apply. They are very strict.
That honor goes to the NFCU Platinum with its current 7.24% variable rate and that's just from the big banks. What people don't know is there are some hidden gems in the form of your local CUs which at times carry cards with APRs in the 7-8% range; it's just a matter of looking for them if that's what interest you. Fixed rate is another story.
One major source on low APR cards is galahad15, e.g. (in Dec 2017) talks about a credit union Visa with a fixed 5.49%
Many thanks for the kind mention LTL, yup the BEFCU card has a fixed rate as low as 4.99% F. Tbh, the real credit for that card info though goes to themanwhocan, I just happened to come across it while visiting his low-APR cards page link
galahad15, as LTL pointed out earlier in the thread the 4.99% fixed APR they list is accurate as of 2015. Is this still true to this day or did they raise it slightly to the current one list on your signature? Still an awesome APR regardless but am curious. Also, you mentioned in another thread how despite how the CU suppposedly geo-locked you were able to app for the card succesfully from the other coast. Didn't run into any issues during the whole process?
@simplynoirwrote:
@galahad15galahad15, as LTL pointed out earlier in the thread the 4.99% fixed APR they list is accurate as of 2015. Is this still true to this day or did they raise it slightly to the current one list on your signature? Still an awesome APR regardless but am curious. Also, you mentioned in another thread how despite how the CU suppposedly geo-locked you were able to app for the card succesfully from the other coast. Didn't run into any issues during the whole process?
An excellent question -- as far as I am best aware and to the best of my knowledge, the APR terms as low as 4.99% are still in effect, although I could certainly be mistaken (perhaps someone could potentially call them up to inquire as far as a more definitive answer)?
Thanks & as far as the other question about how I was able to app for and receive the card despite the CU's listed geo restriction: IIRC, I used the online app page, and it didn't kick my application out or give any sort of error messages for me; to the best of my recollection, the app completed successfully even though I had listed one of the states in the DC area as my address. Based on my recollection, I think it thanked me for my application and made some sort of reference of that I would find out the results of my application within a certain near-future timespan. Again if I am remembering correctly, I think I called the CU's credit cards phone number a few days later, and they had confirmed that my application was accepted and that they would be mailing me the card shortly. Unfortunately, they did not as far as I can best recall provide any additional details about the specific parameters of which out-of-state applications they would consider accepting and which they would not accept at the time I spoke with them. The only particular piece of more-inside information they did provide, again to the best of my recollection, was that a minimum FICO score of 730 was required to be approved, although sadly they did not happen to specify which score model or credit bureau they were pulling from (I am assuming it is EX though, based on the associated inquiry I ended up receiving later on).