Discover APR Reduction

[DigitalArk]

I had my it card's APR lowered from 17.99% to 15.24%. But at the same time, I received a message from Discover that they pulled TU report and I was not eligible to lower my APR. Reason was too many new accounts. I am so confused. Did they pull CR for APR reduction? Why did they lower my APR and then told me that I was not eligible?

[Kenny]

No, they do not HP for that. Only SP. You can ask every 6 months. I'm surprised they didn't give you an immediate decision in the chat. 

[Brax]

Similar issue. I recently got them to lower my APR also. A few days later in the mail I got two letters, one denying the APR reduction and one approving the APR reduction.

Probalby just a glitch, nothing to be concerned unless the lower APR doesn't show next statement.

[Luscher]

Ive had mine for 3.5 years so I just asked and got denied. Probably for lack of use or something

[DVH1980]

I asked this morning via the Chat feature, they dropped it a whole 1.5%.

[Luscher]

better then nothing. 1.5 this time then 1.5 next time then 1.5 next time is 4.5%. pretty good

[Brax]

Interesting.

My most recent reduction was 3% going from 18.24 to 15.24.

First reduction was 4.75% going from 22.99 to 18.24.

[Anonymous]

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@Kenny wrote:

No, they do not HP for that. Only SP. You can ask every 6 months. I'm surprised they didn't give you an immediate decision in the chat. 

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Wish i'd known this one before -- Will they do it along with a CLI same time?

Nobody ever tells you these things until you actually go looking for them! lol.

[Kenny]

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@Anonymous wrote:

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@Kenny wrote:

No, they do not HP for that. Only SP. You can ask every 6 months. I'm surprised they didn't give you an immediate decision in the chat. 

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Wish i'd known this one before -- Will they do it along with a CLI same time?

Nobody ever tells you these things until you actually go looking for them! lol.

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Doesn't matter when you do it... just so long as it's 6 months from the last time that you've asked. I place it on my computer calendar. I've gotten down to 10.99 which they claim is the lowest I can get. I then ask for 0% promo period and they will either give it or counter with a 1.9% promo period for 6 months. Doesn't matter either way, as I try never to carry a balance on Discover. 

[Anonymous]

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@Kenny wrote:

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@Anonymous wrote:

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@Kenny wrote:

No, they do not HP for that. Only SP. You can ask every 6 months. I'm surprised they didn't give you an immediate decision in the chat. 

---

Wish i'd known this one before -- Will they do it along with a CLI same time?

Nobody ever tells you these things until you actually go looking for them! lol.

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Doesn't matter when you do it... just so long as it's 6 months from the last time that you've asked. I place it on my computer calendar. I've gotten down to 10.99 which they claim is the lowest I can get. I then ask for 0% promo period and they will either give it or counter with a 1.9% promo period for 6 months. Doesn't matter either way, as I try never to carry a balance on Discover. 

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I've got a $3,000 BT on the Discover right now of which 1/3rd is paid so far. Have until july to pay it.