Chase really doesn't waste any time!

[Anonymous]

You guys do realize that your APR is interest + prime right?

So if you look closely, for example because I don't know off the top of my head, your rate is 11.99 + prime = whatever that is


So if prime goes up, so does your rate. Not just for CC, but other lending products as well...

[Imperfectfuture]

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@Anonymous wrote:
You guys do realize that your APR is interest + prime right?

So if you look closely, for example because I don't know off the top of my head, your rate is 11.99 + prime = whatever that is


So if prime goes up, so does your rate. Not just for CC, but other lending products as well...

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Unless you have fixed rate products,   I have two accounts fixed rate.

[Anonymous]

They did the same thing to me- Ritz and United increased the APR

[FinStar]

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@Imperfectfuture wrote:

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@Anonymous wrote:
You guys do realize that your APR is interest + prime right?

So if you look closely, for example because I don't know off the top of my head, your rate is 11.99 + prime = whatever that is


So if prime goes up, so does your rate. Not just for CC, but other lending products as well...

---

Unless you have fixed rate products,   I have two accounts fixed rate.

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Exactly.  Like you, I have 5 with fixed rate APRs but then again I PIF so no impacts but at least they remain insulated from the any changes in the rate environment unless the lender decides to change the rate.

[medo]

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@Anonymous wrote:
You guys do realize that your APR is interest + prime right?

So if you look closely, for example because I don't know off the top of my head, your rate is 11.99 + prime = whatever that is


So if prime goes up, so does your rate. Not just for CC, but other lending products as well...

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I do not think anyone is complaining or is wondering why their interest rates have gone up.  We're just noting who has already adjusted for the increase is all.  

[Anonymous]

I logged in to my account earlier and did notice the 16.24% APR. I was wondering why it went up. Thanks for the info!

[Discover2016]

Just noticed this today! I logged in to my Chase accounts and noticed that my Sapphire and Ritz were now 16.24%. At first I thought it was a minor AA from Chase then I remembered the rate hike.

[ddemari]

What cards out there are fixed rate apr? Google can't give me a straight answer except there are only a handful of them? FinStar, you have 5 so I assume maybe the handful lol??

[FinStar]

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@ddemari wrote:
What cards out there are fixed rate apr? Google can't give me a straight answer except there are only a handful of them? FinStar, you have 5 so I assume maybe the handful lol??

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3 CUs, one Chase (grandfathered from the late 90's) and one BOA/FIA (grandfathered from early 2000).  There's a handful of CUs that provide fixed APRs (some only available to local/regional residents) but folks won't really find the large banks offering fixed APRs, not like the abundance that used to exist before the CARD ACT.

[ddemari]

Gotchya thanks for the info!