Chase lowers APR on my Freedom Card

[Gmood1]

Thanks @Anonymous, tells you how much I paid attention after the upgrade offer. lol
They keep emailing me to upgrade my IHG as well...hard pass. lol

[Anonymous]

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@Gmood1 wrote:
Congratulations MnB!
I received the same offer email last week.
Received a letter yesterday stating the same thing.
Decided I'll just keep the regular Freedom and sky high APR. lol

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Nice to be in such esteemed company 

You don't have to take any action to get your APR lowered on the Freedom card; Chase has already decided to do it in September.

The only decision is whether or not to keep the Freedom or switch to the Freedom Unlimited.  Like you I've decided to keep the Freedom.

Chase has been making a major push lately.  In addition to reducing my APR, I've gotten balance transfer check offers in the mail yesterday and today.

[Poppa]

I got this letter in the mail today as well. I'm very happy with it. This was one of my first cards and had a 24.99% APR and the way rates kept going up I thought it would eventually be 30% like some CreditOne predator card

[Anonymous]

You lucky MF’ers! (MyFICOers)😉😁

Hope I get one!

[Aim_High]

I just got approved a new Chase card and got a .25% lower APR than it was stated in the disclosures for the expected range.  Then I noticed two of my other cards were also lowered .25% recently. Must have been due to recent shift down in prime rate.

Sapphire Reserve   .....   Marriott Bonvoy Boundless  .....  World of Hyatt  cards

*Note: My Freedom is still on 0% intro financing for first 15 months so my posted rate on it didn't change. 

[Anonymous]

Yeah that’s exactly what it is, scheduled for September I believe.

[Anonymous]

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@GeorgiaBulldog wrote:

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@Anonymous wrote:
Chase just recently brought down my reserve from 19.24 to 18.99, I know it isn’t much but it did go down.

I don’t carry balance so it doesn’t make a difference to me

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Sounds like Chase didn't lower your APR, but rather the Fed cutting the prime rate by .25% led to you having a lower APR.

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OP said rate decreased from 25.99% to 17.24%.... so no, I do not think this has anything to do with the Prime rate going down .25

Congrats OP!

[Anonymous]

LOL. Was not talking about OP. Was talking about the post prior to mine: Aim_High.

Pretty sure a quarter of a percent is the feds.