Discover It APR Decrease

[dumaine]

thanks for the reply and congrats!!!

[RushXTC]

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@avggoal700 wrote:

Is it a permanent decrease or temp

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When they do APR decrease it's permanent until you miss a payment, Then you get hit with penalty.

[longtime_lurker]

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@RushXTC wrote:

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@avggoal700 wrote:

Is it a permanent decrease or temp

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When they do APR decrease it's permanent until you miss a payment, Then you get hit with penalty.

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Not true - I called the other day for something else and the rep said they gave me an offer of 1.99% for 6 mos. Now granted it's a more extreme example, but not all of the APR decreases are permanent

[09Lexie]

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@longtime_lurker wrote:

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@RushXTC wrote:

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@avggoal700 wrote:

Is it a permanent decrease or temp

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When they do APR decrease it's permanent until you miss a payment, Then you get hit with penalty.

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Not true - I called the other day for something else and the rep said they gave me an offer of 1.99% for 6 mos. Now granted it's a more extreme example, but not all of the APR decreases are permanent

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Some are and some aren't.  I received a perm APR reduction and then 6 mos later I received a temp APR reduction.  I'll call again in another 6 mos. 

[BungalowMo]

Well....tried the chat & didn't get an apr drop, but that's ok.  Got one in Feb...just never noticed.

After my initial 0% fell off, my September '13 statement had 22.99%, it was then dropped in Feb '14 to 22.24

If it's like their limit increases, it'll be dropping soon...

[09Lexie]

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@BungalowMo wrote:

Well....tried the chat & didn't get an apr drop, but that's ok.  Got one in Feb...just never noticed.

After my initial 0% fell off, my September '13 statement had 22.99%, it was then dropped in Feb '14 to 22.24

If it's like their limit increases, it'll be dropping soon...

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They have a 6 mo requirement between each APR reduction.  Try again in Sept. 

[Kenny]

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@09Lexie wrote:

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@longtime_lurker wrote:

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@RushXTC wrote:

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@avggoal700 wrote:

Is it a permanent decrease or temp

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When they do APR decrease it's permanent until you miss a payment, Then you get hit with penalty.

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Not true - I called the other day for something else and the rep said they gave me an offer of 1.99% for 6 mos. Now granted it's a more extreme example, but not all of the APR decreases are permanent

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Some are and some aren't.  I received a perm APR reduction and then 6 mos later I received a temp APR reduction.  I'll call again in another 6 mos. 

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Right, I agree. If they reduce the APR in the sense it's an actual reduction and not a promotional rate then it's permanent, obviously.. promotional temporary.

I try every 6 months just because. Have the "lowest" at this time so the promotional APRs are quite nice to have should I ever have expenses that need to be floated for a small amount of time.

[konupe3]

Wow, I love this forum.

Saw this post, quickly went to discover chat and got my APR reduced from 19.99-11.99% plus prime which is now: 15.24%.

OP congrats to you and thanks for inspiring me!

[Loques]

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@konupe3 wrote:

Wow, I love this forum.

Saw this post, quickly went to discover chat and got my APR reduced from 19.99-11.99% plus prime which is now: 15.24%.

OP congrats to you and thanks for inspiring me!

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Congrats to you! I'll be trying again in 6 months, hopefully it will go even lower.