Is this a good time to ask for a rate reduction?

Anonymous · ‎03-12-2020

With everything thats going on how likely do you think it is that creditors will give you a rate reduction on both installments and revolvers?

seattletravels · ‎03-12-2020

@Anonymous wrote:
With everything thats going on how likely do you think it is that creditors will give you a rate reduction on both installments and revolvers?

There was a whole thread the other night with everyone but me getting APR reductions from Citi. 😎

BECU Visa : $40,000 Date Opened: 02/2020

Delta Reserve : $20,000 Date Opened: 01/2020

Amex Blue Cash Preferred : $19,900 Date Opened : 07/2013

Chase Freedom Unlimited : $19,300 Date Opened : 02/2020

Citi Double Cash : $19,000 Date Opened : 06/2015

B of A Cash Rewards : $16,000 Date Opened : 12/2013

Barclaycard Ring : $10,000 Date Opened : 06/2017

Citi Simplicity : $9,000 Date Opened : 10/2011

Commerce Special Connections : $8,000 Date Opened 04/2015

Discover It : $7,100 Date Opened : 04/2013

Marriott Bonvoy Boundless : $5,500 Date Opened 07/2013

Delta Platinum : $2,000 Date Opened : 08/2018

Last App: BECU 02-26-2020
Pronouns: He/Him/His

Anonymous · ‎03-12-2020

@seattletravels wrote:
@Anonymous wrote:
With everything thats going on how likely do you think it is that creditors will give you a rate reduction on both installments and revolvers?
There was a whole thread the other night with everyone but me getting APR reductions from Citi. 😎

Woah can you link?

Remedios · ‎03-12-2020

If you're asking if the pain and misery humankind is currently experiencing happens to be a good excuse to ask for APR reductions...I really dont know how to answer this question

Anonymous · ‎03-13-2020

I have ever heard of a rate reduction on installment loans. Usually you have to take out a new loan. Is this something your current lender offers?

seattletravels · ‎03-13-2020

@Anonymous wrote:
@seattletravels wrote:
@Anonymous wrote:
With everything thats going on how likely do you think it is that creditors will give you a rate reduction on both installments and revolvers?
There was a whole thread the other night with everyone but me getting APR reductions from Citi. 😎
Woah can you link?

Citi APR Redux

Last App: BECU 02-26-2020
Pronouns: He/Him/His

Anonymous · ‎03-13-2020

@seattletravels wrote:
@Anonymous wrote:
With everything thats going on how likely do you think it is that creditors will give you a rate reduction on both installments and revolvers?
There was a whole thread the other night with everyone but me getting APR reductions from Citi. 😎

I didn't get one either. I even told them I would die from the Coronavirus if I didn't get one. They said it was nice having you as a cardholder.

Anonymous · ‎03-13-2020

You're more likely to get one on a revolver due to falling rates if they haven't already dropped your rate 0.5%. Wouldn't hurt to try.

Anonymous · ‎03-13-2020

@Anonymous wrote:
I have ever heard of a rate reduction on installment loans. Usually you have to take out a new loan. Is this something your current lender offers?

Sorry I meant an existing personal loan though I guess it will probably be the same?

@seattletravels wrote:
@Anonymous wrote:
@seattletravels wrote:
@Anonymous wrote:
With everything thats going on how likely do you think it is that creditors will give you a rate reduction on both installments and revolvers?
There was a whole thread the other night with everyone but me getting APR reductions from Citi. 😎
Woah can you link?
Citi APR Redux

Thanks

@Anonymous wrote:
You're more likely to get one on a revolver due to falling rates if they haven't already dropped your rate 0.5%. Wouldn't hurt to try.

Thanks I'll try and report back

althes · ‎03-13-2020

Yes it is I asked Navy and got one.

They said I can ask for reductions on my 2 other accounts later in the year and gave me the exact dates to ask.