Got an email from Chase today stating that effective September 15 they were lowering the APR on my Freedom card from 25.99% to 17.24%. So on their own they cut the APR from the highest to the lowest available rate. Given all the comments about the impossibility of getting Chase to reduce APR this is certainly a nice surprise. I suppose its an attempt to get me to use the card more, and outside of the quarterly bonus categories, but that's not going to happen.
The email also offered to "upgrade" my Freedom card to a Freedom Unlimited card; that's a bit strange since for my needs the 5% quarterly bonus is preferable to the 1.5% cashback. I suppose if the offer said 3% cashback, as is currently available by apping for the FU, I would have considered it. But since I already have 2% cards like Citi DC, PenFed PCR there's no compelling reason to "upgrade."
@Anonymous
Very nice
@Anonymous wrote:Got an email from Chase today stating that effective September 15 they were lowering the APR on my Freedom card from 25.99% to 17.24%. So on their own they cut the APR from the highest to the lowest available rate. Given all the comments about the impossibility of getting Chase to reduce APR this is certainly a nice surprise. I suppose its an attempt to get me to use the card more, and outside of the quarterly bonus categories, but that's not going to happen.
The email also offered to "upgrade" my Freedom card to a Freedom Unlimited card; that's a bit strange since for my needs the 5% quarterly bonus is preferable to the 1.5% cashback. I suppose if the offer said 3% cashback, as is currently available by apping for the FU, I would have considered it. But since I already have 2% cards like Citi DC, PenFed PCR there's no compelling reason to "upgrade."
Congratulations. There’s something in your credit profile they’re impressed with.
@Anonymous wrote:
@CreditInspired wrote:
Congratulations. There’s something in your credit profile they’re impressed with.Thanks. Unfortunately they weren't impressed enough to have any in-branch pre-approvals for me. I stopped in at my local branch after getting the email in the hopes of applying for a Freedom Unlimited but there were no pre-approvals on my account; the last one I got was for a CSR last December. The personal banker tried to get me to apply anyway but I declined since I knew I'm currently 13/24 and wouldn't get under 5/24 until June 2020.
