Lowering CC APRs

[Anonymous]

How can I get two credit cards to lower my APRs?  I called them today (Capital One is %14.41; Citi is 18.24%).  They said they didn't have anything better.

I spoke with a supervisor and Citi and the best I received was 13.something%.  I have been paying well more than the minimum for quite some time.  Citi only has $130 on it with a $3k limit.  I will be paying off that $130 this month.

I don't understand!  I also wanted Citi to give me a balance transfer offer, and they didn't have one, but I can call back next month.

BTW, Capital One said I could "call at my discretion" to inquire about better APRs.  I guess that means call daily???

[Anonymous]

Lowering the APR ...  How long do you have those cards?   There must be some other reason that they cannot give you an offer.

From my experience:

Citi offered me BT (0% APR for 6 mos with 3% BT fee) and low APR of 4.99% (usually 13.24%) for limited time (6 mos).  It was Citi Dividend Platinum Select MC and I had this card for a little over 2 yrs.

Citi also increased my CL when I told them I want to make BT and need more higher CL.

Moreover, Citi told me that they cannot lower my APR but they can give me an offer.

I would like to hear what others say.

[Anonymous]

What Citi card do you have?

Message Edited by psychic on 02-02-2008 02:37 AM

[Anonymous]

psychic wrote:

What Citi card do you have?

Micaela09, what Citi card do you have?   Mine was Citi Dividend Plarinum Select MC. 

[Anonymous]

Not sure ... I left it at home, so I will reply ASAP!!!

[Anonymous]

All the ccc's that I'm aware of add on x number of percent to the prime rate. I have one card that adds like 7.75%, another 12.75%(Cap1 maybe?) another one at a different rate.

This is only my opinion but I believe there are different tiers of interest rates they charge you based on your payment history, and utils? I went over the limit on several of my cards a few years ago, and they put me to the default rate of about 29%. That alone is a good motivator to pif every month...which I do. The side benefit is, not only do I not pay any interest, but low utilities, thusly raising the FICO scores. Which is a good thing.