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NFCU Interest rate reduction 16.9->11.9

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Super Contributor

NFCU Interest rate reduction 16.9->11.9

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.


Total revolving limits 732500 (606000 reporting) 12/4/20 FICO 8 scores: EQ 715 TU 760 EX 735
Message 1 of 17
16 REPLIES 16
Valued Contributor

Re: NFCU Interest rate reduction 16.9->11.9

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

"Hover mouse over cards to see CL and APR info"


Message 2 of 17
Community Leader
Valued Contributor

Re: NFCU Interest rate reduction 16.9->11.9

And the SouthJamaica get SouthJamaica-er lol

Congrats! That APR is awesome 

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Message 3 of 17
Regular Contributor

Re: NFCU Interest rate reduction 16.9->11.9

Will NFCU also lower Auto Loan rates?

 

CONGRATS!

Message 4 of 17
Community Leader
Super Contributor

Re: NFCU Interest rate reduction 16.9->11.9

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

My rebuild worked for me, but won't necessarily work for you!
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Message 5 of 17
Community Leader
Senior Contributor

Re: NFCU Interest rate reduction 16.9->11.9

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

Got some pruning to do... No more new cards!
Message 6 of 17
Moderator Emeritus

Re: NFCU Interest rate reduction 16.9->11.9

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 Smiley Happy

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Message 7 of 17
Member

Re: NFCU Interest rate reduction 16.9->11.9

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.

Message 8 of 17
Super Contributor

Re: NFCU Interest rate reduction 16.9->11.9


@Sherl 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.


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!

 

Message 9 of 17
Community Leader
Mega Contributor

Re: NFCU Interest rate reduction 16.9->11.9

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 doSmiley Wink
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Message 10 of 17
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