NFCU Interest rate reduction 16.9->11.9

[SouthJamaica]

Gotta luv Navy Federal. Every year you're entitled to request an interest rate review, with no hard pull, just review of account history. Got my Cash Rewards card just over a year ago through product change from Flagship. Called in, boom, lowered 16.9% rate to 11.9% rate. And as usual the CSR was terrific.

What a pleasure they are to deal with.

[Anonymous]

Very nice!!! NFCU really is the best! Congrats!

[pinkandgrey]

And the SouthJamaica get SouthJamaica-er lol

Congrats! That APR is awesome 

[TheFIGuy]

Will NFCU also lower Auto Loan rates?

CONGRATS!

[pizza1]

Oh wow! Thats a nice reduction there!! Nice job!!

[Anonymous]

Nice! I think it’s time for me to hit them up. 

[Anonymous]

Great interest rate reduction! Rate is even realistic instead of the 17.9+% lenders seem to think is fair? You could even afford to revolve a balance for a month without a mortgage

[Anonymous]

But when does carrying a balance makes sense? I see the CD is around prolly 3% and CreditCard interest rates as low as 8% I have seen.

I dont get the point of carrying an interest in CC.

[M_Smart007]

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@Anonymous wrote:

But when does carrying a balance makes sense? I see the CD is around prolly 3% and CreditCard interest rates as low as 8% I have seen.

I dont get the point of carrying an interest in CC.

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you are probably right on carrying interest, i think the point is, get APR's as low as Possible, (I do)

Because sometimes "Life Happens" and you do not always choose when & what it may throw at you!

[AverageJoesCredit]

Not everyone makes so much money where everything can be paid in full. Sometimes balances must be carried , the lower the apr the better for those of us who do