@K-in-Boston wrote:
@Anonymous wrote:
@Anonymous wrote:I wonder if they send out similar letters to those with rates higher than the maximum current ranges....
LOL hilarious. Chase wouldn't cut their profits like that. They won't even lower your APR if you ask, yet alone on their own.
I have to agree that they won't be sending out those letters! LOL
For those of you with high APRs, Chase actually does lower APRs if the CSR is able to see an offer on the account. It's a quick phone call and I'm ready to hear about the long hold times due to all the MFers calling to get their rates reduced today!
(You could also just send a Secure Message but it may take a day for them to get back to you.)
I tried to get my Freedom lowered when the prime rate jacked it up to 14.24%. They politely just told me that my account already had an APR at or below their current lowest APR available for the card. I totally agree with the sentiment that APRs don't really matter if you're always paying in full, but life does happen and I also look at it at how a particular lender values me. BOA shows me their love with credit lines (yes, even though there's $145k in BoA credit lines in my signature they're all at mid-tier APRs!), but Amex, Chase, Citi, and Navy FCU show me their love by giving me their absolute lowest available APRs. CapOne, on the other hand, shows their absolute contempt for the 20+ years I've been a customer by not budging on APRs in the mid-20s (and never once giving me a credit line increase in those 20+ years).
I had a WaMu secured card when Chase acquired them and they closed it right away. Always paid on time and in full. Closed my checking with them because of the fees too when they acquired WaMu. So ever since then I pretty much avoided Chase. The card from WaMu is on my report still but listed as a Chase card and it'll probably fall off in like 6mths since it'll be closed for 10yrs about that time.
I have the Chase Amazon Prime VS card for about 10mths now and they've increased the APR twice during that time already. Always pay in full. Started at 14.74->14.99->15.24 currently. Small increases but I think I'll still try to avoid Chase.
Chase isnt interested in helping anyone they are only interested in helping their already outrageous profits.
@Anonymous wrote:
@K-in-Boston wrote:
@Anonymous wrote:
@Anonymous wrote:I wonder if they send out similar letters to those with rates higher than the maximum current ranges....
LOL hilarious. Chase wouldn't cut their profits like that. They won't even lower your APR if you ask, yet alone on their own.
I have to agree that they won't be sending out those letters! LOL
For those of you with high APRs, Chase actually does lower APRs if the CSR is able to see an offer on the account. It's a quick phone call and I'm ready to hear about the long hold times due to all the MFers calling to get their rates reduced today!
I tried to get my Freedom lowered when the prime rate jacked it up to 14.24%. They politely just told me that my account already had an APR at or below their current lowest APR available for the card. I totally agree with the sentiment that APRs don't really matter if you're always paying in full, but life does happen and I also look at it at how a particular lender values me. BOA shows me their love with credit lines (yes, even though there's $145k in BoA credit lines in my signature they're all at mid-tier APRs!), but Amex, Chase, Citi, and Navy FCU show me their love by giving me their absolute lowest available APRs. CapOne, on the other hand, shows their absolute contempt for the 20+ years I've been a customer by not budging on APRs in the mid-20s (and never once giving me a credit line increase in those 20+ years).
I had a WaMu secured card when Chase acquired them and they closed it right away. Always paid on time and in full. Closed my checking with them because of the fees too when they acquired WaMu. So ever since then I pretty much avoided Chase. The card from WaMu is on my report still but listed as a Chase card and it'll probably fall off in like 6mths since it'll be closed for 10yrs about that time.
I have the Chase Amazon Prime VS card for about 10mths now and they've increased the APR twice during that time already. Always pay in full. Started at 14.74->14.99->15.24 currently. Small increases but I think I'll still try to avoid Chase.
@MASTERNC sorry that you joined the club.
@Anonymous sorry about the WaMu accounts. As for the APR increases, those are not Chase increases - unless you have fixed rate cards, ALL of your credit cards have increased by 0.50% in the past 8 months. Your Chase APR has not changed from a variable 10.99% + Prime Rate, and your APR cannot be randomly increased within the first year of account opening thanks to the CARD Act. The US Prime Rate was 3.75% when you opened your card, so 10.99% + 3.75% is your original 14.74% APR. It was increased in March to 4% and again in June to 4.25%, hence the rising APRs. For reference, the Prime Rate was 8.25% just prior to the financial collapse a decade ago so with the same terms your account would have had a 19.24% APR then. From December 2008 until December 2015 it was 3.25%.
@joltdude wrote:K..
On asking Chase via Secure Messaging.... How did you do it... Basically asked if there were any offers on the account...or were you specific on what you wanted?
I'm tempted to try this for my amazon chase visa since it is one of the higher tier APRs...
Almost tempted to take an HP for a CLI too but... sorta hoping for a green dot so i can get an FU
My usual wording is something like, "I really like my card, but since it has a higher APR than my others cards, I find myself using it less than I'd like. Are there offers available to lower the APR on my [name of card] card?" My only experience with them was pretty dry and just a polite denial since it was already (too) low. Hopping on chat with Citi, however, can be an entertaining experience if you get one of the wisecracks that offers you multiple choice APR reductions. But... Chase, I guess I can understand 5/24 but still not being able to request a CLI online and no live chat feature in 2017? Really?
Lovely. My Freedom is at 12.99% and Freedom Unlimited is 13.99%. My Freedom Unlimited was originally a real Chase Manhattan Platinum MasterCard. I loved Chase Manhattan. Ever since they merged with Bank One in 2004 I have not felt the same way about them. My Chase mail goes to my PO Box and I have not checked that in a while. I'm sure my notices are waiting for me.
To echo others' sentiments...on cards like Freedom, FU, CSP, CSR etc it does not make sense to pay interest; therefore, an increase to the APRs are kind of trivial for most. For me it is the principle of the matter. I have worked very hard building and maintaining my credit from age 19 to now and I feel that I should be offered better rates than those that have not worked as hard-but the banks do not see it that way. Makes one wonder why we even bother working so hard to begin with 
Oh well, I will continue to use Freedom for the 5% bonuses and not pay them a penny of interest 
Well-said, CO-NATIVE! I have the same frustration with CapOne. The highest CL they ever gave me was $2000 about 20 years ago and they never gave me a single CLI. They even became my first and only decline in years when I tried for a Venture card early this year! No baddies ever in my life. My FrankenVentureOne is a combination of 6 accounts, most of which were acquired by CapOne. Yet I lose count of all the nice large approvals I see for those fresh out of BK.
Back in the late-90's and early-2000's, when Chase was still offering low APRs and accepting APR reduction requests, I once had a Chase Platinum MC with them originally with a go-to APR of 6.15% V, IIRC. It was my first truly-prime card, and at one point my best or favorite card (some years later they attempted to RJ the card substantially and so I closed it). Fast-forward to today though with Chase's ultra-high APRs...admittedly I'm not such a fan anymore of Chase cards in general, tbh...
