@WillTeasle wrote:
@Anonymous wrote:
@WillTeasle wrote:
@JAY305 wrote:When I first opened my account, I did not qualify for the advertised 6 month 0% interest rate promo.
Discover countered with a 1K limit, 3 month teaser 0% intro rate and a rate of upwards of 20% therafter. The first few months I ran thousands of dollars in charges through the card and paid it off before the billing cycle closed. I was able to utilize this as leverage to score a 5K credit limit increase at 90 days.
Unfortunately, they have not been so forgiving with the intrest rate. I have requested a lower interest rate on several occassions. The last representative suggested that I try again when my account is 1 year old. In the interim, every other month I use the card for a big purchase and then pay the balance in full. I refuse to pay a +20% intrerest rate.
I just received my IT card the other day and called immediately when I saw 22.99% APR after the intor 0%. CSR also told me to try back in a year or so or pehaps right as the 0% expires. I may try every six months.
Similar to others here, I'm not too concerned about the rate as this card will always be PIF. I just don't like the idea of one card in my wallet having a rate nearly 10 points higher than every other card.
I don't think any card company can do APR reductions while any promotion is current. However, the day my promo ended Discover gave me a CLI and APR reduction in the same phone call.
Thanks for the info. That's what I figured. I'll probably still call to check in every six as it can't really hurt. But good to know that I might have a decent shot at reducing APR and increasing CL once the promo period is over (assuming I don't receive a CLI prior to that).
True true. The promo thing only applies to APR, not CLI's. I'd definitely try at every 6 months for an increase, especially with Discover. Like I said in a previous thread, last CLI I had I called and they said it would be a HP so I said no thanks. The next day there was an auto increase for more than I was asking. So I think you can even get the ball moving for one by just planting the idea there. Haha. 