I was reading a handful of threads recently about people calling and requesting APR reductions on their cards, so I figured I'd go ahead and play the game with my Citi DC for S&Gs. I've never paid a penny of interest to them, so I honestly didn't even know what my starting APR was. I entered chat and found it to be 25.74%. I asked for a reduction and within 1 minute received a response that it was reduced to 24.24%. 2 days later I hit up chat again and made the same request. After a minute I was told it was dropped from 24.24% to 22.24%. 1 day later, the same thing. This time it was dropped a bit more significantly to 16.49%. I've tried a couple of more times since then, but was told "An APR reduction isn't currently available on your account, but try back as often as you'd like and we can check." So anyway, to recap in 3 days time:
Day 1 – 25.74% --> 24.24%
Day 3 – 24.24% --> 22.24%
Day 4 – 22.24% --> 16.49%
I offer this information as a great example of "the squeaky wheel gets the grease." While APR is essentially irrelevant to me, I know it does indeed matter to many people and it definitely doesn't hurt to ask. You've got nothing to lose, except perhaps a few percentage points on APR.
May the Apr Redux games begin
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