Wondering what's the lowest standard purchase APR (not promo or intro or limited time APR. like privately offered APRs, grandfathered in for ANY Delta American Express credit card. (The options/ blue af & no af/ gold / platinum & reserve. )
The more relevant question is, what effective Plan It rates are people seeing on their AMEX revolvers, Delta cards included.
The regular purchase APR's are being systematically raised to standard rates, in my experience.
My experience with Plan It, however, results in very appealing APR on specific charges I want to pay over several months, without interest charges contaminating all the other spend I intend to PIF on these high AF cards.
On sign-up: 17.24% to 26.24%. I can't swear to it, but in the 18 months or so I've been looking, I've never noticed a 0% interest SUB on a co-branded Amex.
My interest rate is 24.24 and my plan it rate is "up to" 1.07% monthly, although I've never used either.
Amex's Plan it has clear advantages for both them and the cardholder compared to traditional revolving credit. There's a set amount and term, so Amex gets paid back more quickly and dependably, while the borrower benefits from a much lower than usual interest rate for credit cards.