Lowest APR - Thanks AMEX!

[Anonymous]

Just got my Amex EveryDay card down to 7.49% APR. I guess my Ring will no longer hold the title for my lowest APR card.

They also lowered my Delta Gold to 17.24%.

[Anonymous]

congrats

[Anomalous]

Congratulations!

[OmarGB9]

Grats

[itguy_65]

WOW, that's AWESOME, as far as I have seen, that's the lowest they will go!!    They have denied me, the best I can get is 9.49%.  They tell me I have had the maximum two decreases in the last twelve months.  Thank you myFICOers!!

[ScoreOrBeScored]

congrats,

my BCE is down to 8.49% they are great because i got it down from 21.99% and it only took 3 months to do it !!!!

[Irisa]

---

@ScoreOrBeScored wrote:

congrats,

my BCE is down to 8.49% they are great because i got it down from 21.99% and it only took 3 months to do it !!!!

---

Wow, that's impressive. How often did you ask for an APR deduction? 

Mine was just lowered from 18.24% to 15.24%. I'm wondering how long I should wait before I try to get it a little lower. I don't carry a balance, but that rate still bothers me considering my credit scores are almost 800. I guess that's what I get for having applied for CCs when my scores were still not at their best. Lesson learned.  

[CreditDunce]

@Irisa.  Hey, that is exactly what they did for me today.  They dropped my rate from 18.24% to 15.24%.   I prettied up my accounts a little this month (paid before the statement date for all but 5 or 6 CCs), to boost my score into the 820's.  I have been waiting for the new score to show up on Amex website before requesting an APR reduction.

Personally, I am going to wait a year before trying to get the rate down another 2%.  I am not going to try to get the rate below the best rate for new applicants.  I don't want to stick out when Amex reviews my account.  The main reason I am requesting a lower APR is my spreadsheet.  I made the mistake of adding formatting to turn the interest rate red if I the APR isn't the lowest published rate. With Fed pushing up interest rates for the next couple of years,  I can see myself removing the interest rate columns rather than spend the time to update them every quarter or so.  If this is your first APR reduction, I don't see why you couldn't request another reduction next month.  The wost they will say is no.   I

Amex doesn't necessarily give you the best rates even if your credit score is around 800.  When I applied for my card I think my EX score was around 800 (my TU-08 was 812(?)).   They gave me a rate of 17.99% (now 18.24% according to the rep today, the website still says 17.99%).    I think a good bit of the interest rate they offer you is based on how high they think they can get away with.

[Anonymous]

---

@ScoreOrBeScored wrote:

congrats,

my BCE is down to 8.49% they are great because i got it down from 21.99% and it only took 3 months to do it !!!!

---

What? Can you please give me some tips? PM me if you can't do it on here. TY

[Anonymous]

Thats a nice APR for the ED card,,,, congrats