NFCU apr questions

[Anonymous]

Hi, 

Was wondering if anyone knows if NFCU does apr reviews? I was approved 3 days ago at 15.65% and am wondering if as my credit profile gets better if anyone has been successful in getting there apr reduced on there NFCU accounts?

[Anonymous]

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@Anonymous wrote:

Hi, 

Was wondering if anyone knows if NFCU does apr reviews? I was approved 3 days ago at 15.65% and am wondering if as my credit profile gets better if anyone has been successful in getting there apr reduced on there NFCU accounts?

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I've been with Navy for less than a year, so while I don't have personal experience with this, I'm under the impression that you can have your APR reviewed every 12 months

[Creditplz]

I can confirm that they require 1 year before they can lower your APR from what a rep told me 3 months into my account....


You can however call and ask a representative if you convert your card to a Platinum MC what your APR would be, they came back and offered me 12.55% or when I was at 15.95 on my CashRewards.. I kept it because I don't carry balances.

[Gallager2014]

How likely is it NFCU lowers the apr when asked? I have had my card with them for about 3 years (plus accounts with them for 20 years) and would like to lower it from 17.49%.

[Anonymous]

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@Gallager2014 wrote:

How likely is it NFCU lowers the apr when asked? I have had my card with them for about 3 years (plus accounts with them for 20 years) and would like to lower it from 17.49%.

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If your scores have improved since you obtained the card, there is a very good chance that they will lower the APR.  They are pretty consistent with granting APR reductions.  Give them a call.

[jgodfrey82]

I ask every 12 months and usually get something, I'm at 10.49 and expect there may be a little more room... Have also dropped DW's over 6 points in 3 years

[jgodfrey82]

Just send a secure message asking

[Gallager2014]

I sent them an SM and received a 1.5% reduction. Util was around 90%. I wish I would have tried sooner.

[K-in-Boston]

I am new to Navy and my wife also just joined. Do they do APR reductions below the advertised range for each card type? My Flagship is at 10.49% and my wife's Platinum is 8.49%, so they are already at the lowest but would be helpful to know whether that's something to ask for in a year. Thanks!