Discover IT Approved lower APR request

MrPepperoni · ‎01-22-2020

Hi All,

Just to share if this is going to help someone.
Called Discover and requested CLI and lower APR today as I am their member for 1 year as of couple days ago.
CLI not eligible yet, as the last one was 2 months ago.
APR lowered by 4.75% from 24.49% to 19.74% permanently.

I did the same with my Chase FU and declined both requests.
But this was really expected as it was just 4 months with Chase.

Moved to the US in August 2018.
Applied for Citi Costco in November 2018 - Denied due to lack of history (no history).
Started building credit in January 2019. Please hover over each card:

Discover IT Cash Back | SL $300 as IT Secured | CL $2,600 | Jan 2019

Chase Freedom Unlimited | CL $2,500 | Sep 2019

AMEX BCE| SL $5,400 | CL $23,000 | May 2020

Chase Sapphire Preferred | SL $5,000 | Nov 2020

BofA Cash Rewards | SL $6,000 | April 2021

Chase United Quest | CL $5,000 | April 2021

American Honda Finance| Honda Accord EX-L 2023 Auto Loan @ 3.99% for 36 months | May 2023 | $13,803 (82%) remaining out of $16,932

Also have Chase Marriott Bonvoy Bold (6 months old, $11k limit)
Bilt Credit Card (6 months old, $2k limit)
Amex Hilton Honors Surpass (1 month old, $16k limit)
Two paid off auto loans ($20.5K and $15.7K)

Anonymous · ‎01-22-2020

Congrats on lowering your APR! 👍

Anonymous · ‎01-22-2020

Congratulations on your lower APR!

Anonymous · ‎01-22-2020

Chase doesn't allow you to ask for APR reductions and you can ask Disco for CLIs whenever, they're random about granting them but many of us have gotten them two months or even three months in a row.

Congrats on the nice reduction though.

AllZero · ‎01-22-2020

Congratulations on your APR reduction!

FinStar · ‎01-22-2020

@MrPepperoni wrote:
Hi All,

Just to share if this is going to help someone.
Called Discover and requested CLI and lower APR today as I am their member for 1 year as of couple days ago.
CLI not eligible yet, as the last one was 2 months ago.
APR lowered by 4.75% from 24.49% to 19.74% permanently.

I did the same with my Chase FU and declined both requests.
But this was really expected as it was just 4 months with Chase.

Nice APR reduction on Discover.

As mentioned upthread and on your separate thread, Chase will not lower your APR by request, whether it's 4 months, 12 months or 4 years. If you qualify for such a reduction it'll be automatic.

Anonymous · ‎01-22-2020

Congrats on your apr reduction!

FirstAscent · ‎01-22-2020

Congrats! Do you know if it ended up being a hard pull?

Current Score: EQ 708 | TU ??? | EX 714
Score highs: EQ 715 | TU 704 | EX 718 (02/2020)
Starting Score: EQ 616 | TU 614 | EX 585 (02/18/2018)
Goal Score: 740

Anonymous · ‎01-23-2020

Congrats!! I saw that on the news yesterday and thought about myself I don't currently have any cc besides store cards.

FinStar · ‎01-23-2020

@FirstAscent wrote:
Congrats! Do you know if it ended up being a hard pull?

There's no HP involved with lowering the APR.