Tips for a Discover APR Reduction?

[Anonymous]

My one year with Discover is coming up a week from today.  Whats the best way to go about getting an APR reduction from Discover? Chat? Call? Any tips to make it have a better chance of happening?

[Onthe27thday]

I ask for one via chat about every 6 months. It's super casual so don't be nervous. I say something like, " I was wondering if my account was eligible for an apr reduction at this time?" and thats it.

Good luck.

[Anonymous]

Does it usually work out pretty well every 6 months?

[Onthe27thday]

ive never gotten a no. I will admit though that I didn't know to ask about this until about 1 1/2-2yrs ago. it cant hurt to try though!

[kdm31091]

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@Anonymous wrote:

My one year with Discover is coming up a week from today.  Whats the best way to go about getting an APR reduction from Discover? Chat? Call? Any tips to make it have a better chance of happening?

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I don't think there's any way to make it have a better chance. The offer is either on your account or it is not. Just ask every 6 months and see what happens. Because it's either on your account or it's not, I don't think calling vs chatting matters. Do what you are comfortable with.

[Anonymous]

what do you guys usually get each time you get a reduction?

[Onthe27thday]

i honestly don't know. my APR was high so i take whatever they offer. the last time they could reduce my rate permanently or they could give me 0% for 18 months. i took the 18months. ive never had that offer before.

[grizindabox]

I just did this and they dropped my APR from 23.49% to 18.74%.  I never really worry about it since I PIF, but just decided to give it a whirl.

[Anonymous]

This is good to know. I don't like to carry a balance either, but I think it's good to have the best terms possible. And if the offer is just sitting there, we all may as well take advantage of them when we have them. I'm still on my introductory 0%, but I'll definitely be asking when it's over! ☺

[austinguy907]

It really varies by account just like your opening limit or a CLI.  I had my card for a little over a year when I decided to harpoon an APR reduction with scores in the 830's across the board.  I got a denial on the permanent reduction and they went ahead and put another 12 mo's at 0% instead.  They're odd but, 0% is better for a year than 2-3% off permanently.  I PIF every month which might have something to do with it or just having that 1 account at 0% as a backup in case of a large purchase is nice to have hanging around as well.