Discover IT APR reduction denied

[trinigal30]

Just got off the phone with a Discover representative who denied my request for a reduction in APR because my account is less than a year old.  I have never missed a payment, I've been paying a little more than the minimum and my utilization is less than 50%.  Anyone had any luck with APR reductions on cards less than a year old.  I've had this card for 7 months.

[heyarrnold]

Start a chat with them! You'll get much more favorable results. 

[hizzaah]

Tried to chat for a reduction on mine the other day. My 6m 0% peeiod just ended. They told me that my account was not authorized for a lower rate at this time. I found out my rate was 17.99% though. I thought it was a few points higher, so that was kind of like a reduction...!

[trinigal30]

HeyArnold - Do you mean online chat or being friendly....lol...I was very friendly and asked how he was doing...but he denied my request once he got done verifying my account information.

[heyarrnold]

---

@trinigal30 wrote:

HeyArnold - Do you mean online chat or being friendly....lol...I was very friendly and asked how he was doing...but he denied my request once he got done verifying my account information.

---

Online chat. 

Is your promo APR done? 

[trinigal30]

I didn't have a promo APR.

[heyarrnold]

---

@trinigal30 wrote:

I didn't have a promo APR.

---

Ahh okay. Definitely try the online chat. Hopefully the outcome is to your benefit. Let me know how it goes.

[trinigal30]

They would not budge...The online chat representative said it's standard policy....they would not be able to reduce my APR until i've had the card for a year.  I will have to wait until the beginning of December.

[rudy0720]

Just closed my IT via email today. paltry limit and no increases after 2 years. Buh Bye as I have much better reward cards anyway

[hizzaah]

Interesting, I hadn't heard about having to wait a year. I heard you could ask for it every six months. No guarantee that you're qualified, but that's when you can ask.