Yesterday my NFCU Platinum hit the one year mark. I called this morning and asked for an APR reduction. Yes! Offered a 2pt reduction to 6.99%
I've been very happy with the 8.99% granted when I opened the card in March 2020 but thought If I could get it a bit lower it would benefit me even more since I do carry a balance sometimes.
FICO Equifax 9 from Navy is 808 today. It was at 830 in January before I paid off my only open car loan. CL is 12,000 which has grown from opening CL of 5,400 via two CLIs.
Now this card is my lowest APR card, moving Simmons Bank Visa into 2nd place at 8.75%
Congratulations on your APR reduction!
That is a sweet reduction, congrats to you!
Congrats @KatSoDak 
Lowering APRs is always fun.
Can someone remind me, please - if my card turns 5 years in June, do I need to wait until then to ask? Or can we ask at any point after first anniversary?
Adding my .02 cents...
I have always been told by CSRs and have read that requesting a rate reduction can be approved once per year.
@lhcole77 wrote:Congrats @KatSoDak
Can someone remind me, please - if my card turns 5 years in June, do I need to wait until then to ask? Or can we ask at any point after first anniversary?
The CSR who helped me volunteered info at the end of the call, that I can ask for another rate reduction after the next anniversary date of this card.
A while back I asked via NFCU messaging when card would be elligible for a rate reduction and if carrying a small balance at the time would affect me being approved for a reduction. I was told any time after 1 year anniversary I could ask for APR reduction and "a reasonable balance would not have any impact on the APR reduction".