A little over a year ago, @CreditCuriosity started another thread about everyone's current permanent APR on Discover. While I normally PIF, I like to keep all my APRs as low as the rate I can qualify just out of principle and just in case I need to carry a balance. At the time, my rate was 13.99% and the conversation reminded me to call about any rate reduction opportunities. My rate was dropped 2% to 11.99% with a simple call. 
That was the most they could adjust it at one time. A few other members were reporting 10.99% permanent rates last fall (2020.)
My recent CLI on my Discover card reminded me that I might be eligible for a further reduction. I called today and the customer service representative quickly adjusted my rate to 10.99% APR. She also told me that 10.99% is the current floor for fixed APRs.
I thought this might be a good information to pass along and also to remind anyone who likes to keep APRs that a phone call is often all that lenders need to lower your rate!
Congratulations on your APR reduction! Mine is a full point higher than yours, so I need to get off my butt and make a phone call.
I feel the same way you do, i.e., even though I PIF as a general rule on all my cards, I don't like high APRs just on principle. Plus, I've learned through the school of hard knocks that the sky can fall at any moment! 
So you never know when you may *need* to carry a balance, even temporarily. The lower the APR, the better.
@Aim_High you are putting on some master classes this year. I'm calling them tonight to get that mess lowered. They're not too crazy about me tho.
@Aim_High wrote:A little over a year ago, @CreditCuriosity started another thread about everyone's current permanent APR on Discover. While I normally PIF, I like to keep all my APRs as low as the rate I can qualify just out of principle and just in case I need to carry a balance. At the time, my rate was 13.99% and the conversation reminded me to call about any rate reduction opportunities. My rate was dropped 2% to 11.99% with a simple call.
My recent CLI on my Discover card reminded me that I might be eligible for a further reduction. I called today and the customer service representative quickly adjusted my rate to 10.99% APR. She also told me that 10.99% is the current floor for fixed APRs.
I thought this might be a good information to pass along and also to remind anyone who likes to keep APRs that a phone call is often all that lenders need to lower your rate!
"Last fall" would be 2021, not 2020, right? 
I, personally, have never cared about my CC interest rates. Charge me 29.99% if you want to (if I carry a balance). I, personally, just care only about my CB. : o D
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10.99 is amazing apr on a rewards card. I hope most would never need to use it but the mighty do fall and on those days, its good to have options. Try getting low aprs when things are bad and one will find banks arent as forgiving. I find the not worrying about my cards apr thought process a little coo coo in that many of us here are playing the game of credit as its called and why not focus on all parts, like defense AND offense lol. In some cases , like Discover its as simple as asking. Other cards are set in stone, but for very little effort, the rewards of getting that purchase power reduced are great imo. Great job @Aim_High
@Yasselife wrote:@Aim_High Mine is about to be 6 months old; how long should I wait to try this?
current apr: 14.99
@Yasselife, you can call and ask at any time. On a new card, they might make you wait until the end of year one, but that's just a guess. (I know there were postings about Discover denying CLIs on new accounts for one year and DW experienced that personally.) The terminology would be something like, "I was wondering if my account is eligible for any permanent APR rate adjustments." They may offer a permanent reduction or they may also offer in lieu of that a temporary 0% BT offer, or a choice of either.
The policies on rate adjustments vary widely. I've had some lenders give me rates well below the current advertised lowest-APR in the range for a certain card. (For example, my PenFed Power Cash Rewards started out at 11.74% APR and they automatically lowered it to 9.99% after the prime rate fell. Since I was approved, they raised the lowest initial APR to 14.99%, so my APR is a full 5% below advertised range.) Other lenders will only go as low as the currently-available lowest APR. Some lenders won't adjust your rate at all. (such as USAA) Some will only do it if they choose to initiate it. (such as Chase.) Some will insist on hard pull of credit report, similar to asking for a CLI, before they will consider it. And some will do it simply if you ask. Bottom line is that you may never know until you try with any lender, but the question is always free! 
Also, lenders may put a limit on how much they will adjust your rate at one time, such as Discover did with me by limiting it to 2% previously. Someone who started out with a very high rate may have to request numerous adjustments over a few years to get their rates as low as possible. And they may cap the frequency of additional requests at once every year, such as I believe Navy FCU allows.
@805orbust wrote:@Aim_High you are putting on some master classes this year. I'm calling them tonight to get that mess lowered. They're not too crazy about me tho.
Thanks @805orbust! Just sharing what I've learned along the way and sometimes we all need a reminder about things like this. I would just keep trying and eventually they might say yes as your account ages and profile continues to change for the better.
@ptatohed wrote:I, personally, have never cared about my CC interest rates. Charge me 29.99% if you want to (if I care a balance). I, personally, just care only about my CB. : o D
You could easily change your mind on that, in a heartbeat.
I know, from experience, how everything can change literally overnight. When I found myself in the ICU and then hospitalized for six months, I had no idea beforehand that any of this was going to happen. I'm the sole responsible person for my finances. If I had had large balances on high APR cards, thinking I was going to PIF as usual, so their APRs didn't matter, they could have easily racked up a lot of interest by the time I was well enough to deal with them.
As long as you have a contingency plan in place, like a spouse or adult child who *already* knows all your financial info and can log in and pay your bills if you're laid up, then you're good. But if you don't...you could regret those high APRs you didn't worry about before.