Re: Do Store Cards Ever Reduce APR?

Repairman · ‎09-04-2015

I have a Banana Republic store card with a very high APR (as store cards usually do) and I'm curious if store branded cards, whether a pure store card, or a store Visa/MC, will ever reduce an APR upon request. I attempted to ask for an APR reduction on my Banana card and was told that the advertised APR is the lowes APR available for the card. Is that always true?

Kb109 · ‎09-04-2015

Nope, never. These cards are not meant to have balances carried on them.

Filed Ch7: 6/21/17
Discharged: 10/03/17
Current FICO8 Scores as of 2/10/2019: EX 651, TU 678, EQ 679
My Cards: 1FBUSA $2,900 (survived BK7 and is my oldest account!), Fingerhut $1,100, CreditOne $900, Ollo Rewards $2,500, LendUp Arrow card $2,000, CapitalOne Platinum $3,000. GARDENING FOR THE NEXT TWO YEARS!

myjourney · ‎09-04-2015

Most store cards only offer one APR with the card so that pretty much says it all

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

Anonymous · ‎09-04-2015

Negative ghost rider pattern is full. Proceed to major bank for lowering apr's.

OmarGB9 · ‎09-04-2015

No lowering of APR on store cards sadly.

Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:

Current FICO 8 scores:

Anonymous · ‎09-04-2015

These cards are not meant for balance carrying outside of promotional offers.

score_building · ‎09-05-2015

Yes it's true, store cards ineligible for APRD, only fit for PIF purchases due to usurious interest rates.

DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover

Do Store Cards Ever Reduce APR?

Get your FICO® Score for free

Do Store Cards Ever Reduce APR?