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Discover rate increase from 9.99% to 18%

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BBYGRL
Established Contributor

Discover rate increase from 9.99% to 18%

Well...my trusty Discover Card will be retired to my sock drawer until they lower my rate. My balances increased over the holidays, I have no late pays. I plan to pay them down or PIF to get my UTL between 7-10%. I didn't bother to call yet. I'm annoyed.
10/08 - EX 795 / EQ 816 / TU 806
6/09 - EQ 763 / TU 770

Starting Score (2/2010): TU-767, EQ-745
Current Score (2/2010): TU-767, EQ-745
Goal Score (12/2010): TU-780, EQ-790


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Message 1 of 13
12 REPLIES 12
Anonymous
Not applicable

Re: Discover rate increase from 9.99% to 18%

that sucks... but we all feel your pain....
Message 2 of 13
Anonymous
Not applicable

Re: Discover rate increase from 9.99% to 18%

I got hit by all of them right at the dealine. I got 5 letters for 5 accounts in one week. Their all bastards.
Message 3 of 13
fused
Moderator Emeritus

Re: Discover rate increase from 9.99% to 18%

I have been rate jacked on all of my CCs. My APRs were all below 10%, now my lowest one is 13.99, while others are near 18-19%
Message 4 of 13
Anonymous
Not applicable

Re: Discover rate increase from 9.99% to 18%

my citi divident went up to 29%...T__T
Message 5 of 13
BBYGRL
Established Contributor

Re: Discover rate increase from 9.99% to 18%

I have a feeling Citi, Chase and BofA are soon to follow...it really sucks! The bright side, I plan to be debt free by next year. No more charging if I do, I will PIF before a statement cuts.
10/08 - EX 795 / EQ 816 / TU 806
6/09 - EQ 763 / TU 770

Starting Score (2/2010): TU-767, EQ-745
Current Score (2/2010): TU-767, EQ-745
Goal Score (12/2010): TU-780, EQ-790


Take the FICO Fitness Challenge
Message 6 of 13
Anonymous
Not applicable

Re: Discover rate increase from 9.99% to 18%


@Anonymous wrote:
my citi divident went up to 29%...T__T

 

That is a heck-of-a divident!
Message 7 of 13
Anonymous
Not applicable

Re: Discover rate increase from 9.99% to 18%

my lowest rate is 4.40% which has been dropped from 24.90% by capital one and they did it on there own, 2 months ago
Message 8 of 13
fused
Moderator Emeritus

Re: Discover rate increase from 9.99% to 18%


ryan1918 wrote:
my lowest rate is 4.40% which has been dropped from 24.90% by capital one and they did it on there own, 2 months ago

Amazing! You must have great credit and scores.Great Job!!!!!!!!

Message Edited by fused on 02-10-2010 07:30 AM
Message 9 of 13
Anonymous
Not applicable

Re: Discover rate increase from 9.99% to 18%

not really but its getting better my score is only 641 now lots of baddies falling off and bk7 still showing i got 20 new accounts in the past six months
Message 10 of 13
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