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Discover's Lowest APR?

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Frequent Contributor

Discover's Lowest APR?

Hi All

Just fishing really - What is the lowest APR that you have for Discover? (I was prequal'd for 13.74% - wondering how low they go? - this is after 14 months at 0%)

Thanks All Smiley Wink

Message 1 of 17
16 REPLIES 16
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Valued Contributor

Re: Discover's Lowest APR?


@chrisw1968uk wrote:

Hi All

Just fishing really - What is the lowest APR that you have for Discover? (I was prequal'd for 13.74% - wondering how low they go? - this is after 14 months at 0%)

Thanks All Smiley Wink


Mine is 12.99%

Scores, HPs/24 mos. (updated 10/09/20):
    Experian FICO Score 8 = 825, 1/24
    Experian FICO Score 9 = 813, 1/24
   TransUnion = 815, 1/24
    Equifax = 819, 0/24

Total 2019 rewards, incl. offers/deals = $1,709.07
Avg. rewards rate, incl. offers/deals = 3.92%

Total CL: $247,000

Cards (hover over for CL | interest rate | Date Opened):
Message 2 of 17
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Frequent Contributor

Re: Discover's Lowest APR?

awesome - good to see a card coming out with realistic rates! lol, thanks Smiley Wink

Message 3 of 17
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Moderator Emeritus

Re: Discover's Lowest APR?


@chrisw1968uk wrote:

Hi All

Just fishing really - What is the lowest APR that you have for Discover? (I was prequal'd for 13.74% - wondering how low they go? - this is after 14 months at 0%)

Thanks All Smiley Wink


As you know, you have the lowest posted rate you can get. Later on, Discover may adjust the Apr to less than the posted rate for their better risks.

Starting Score: 300
Current Score: 850
Goal Score: 850


Take the myFICO Fitness Challenge
Message 4 of 17
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Valued Contributor

Re: Discover's Lowest APR?


@Dinosaur wrote:

@chrisw1968uk wrote:

Hi All

Just fishing really - What is the lowest APR that you have for Discover? (I was prequal'd for 13.74% - wondering how low they go? - this is after 14 months at 0%)

Thanks All Smiley Wink


As you know, you have the lowest posted rate you can get. Later on, Discover may adjust the Apr to less than the posted rate for their better risks.


Yeah, about a week ago, I didn't know my rates on my cards. I've been PIF for 15+ years. I don't use the rates. Other than 0%.

Scores, HPs/24 mos. (updated 10/09/20):
    Experian FICO Score 8 = 825, 1/24
    Experian FICO Score 9 = 813, 1/24
   TransUnion = 815, 1/24
    Equifax = 819, 0/24

Total 2019 rewards, incl. offers/deals = $1,709.07
Avg. rewards rate, incl. offers/deals = 3.92%

Total CL: $247,000

Cards (hover over for CL | interest rate | Date Opened):
Message 5 of 17
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Contributor

Re: Discover's Lowest APR?

10.99% as of July 2020. May ask them for single digits.  In reality I do not look at APR often as I PIF. Only carry balances when I get a 0% offer for 12-18 months. Use the interest free loan to show card activity and invest the money to make more $$.

Credit Score - 780+, Gardening , TCL - $367k, Largest CL - $96k (Chase Southwest Priority), Oldest Card - 27 years (Amex).
Message 6 of 17
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Super Contributor

Re: Discover's Lowest APR?

I called about a year ago seeking extra cash back and got a year at 0%. Account is now about 6 years old.

 

Regular APR is fairly high...maybe 16.xx something? I only carry at 0%.

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 7 of 17
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Established Contributor

Re: Discover's Lowest APR?

Hmmm, I went to check my rate on my last statement and it shows 0% until 10/20/20. I never pay attention to APR since I always PIF, so I'm not sure if this came with the card (got it last August) or if they added a promo on it at some point.


Message 8 of 17
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Regular Contributor

Re: Discover's Lowest APR?

11.99%

Message 9 of 17
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New Contributor

Re: Discover's Lowest APR?

9.99% here

Message 10 of 17
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