Total Rewards VISA - APR reduction

[someg33k]

*Update*

Called back today and was able to get the APR reduced to 14.24% which is the lowest they offer for this card.

But as Finstar predicted (damn you )    no siggy upgrade process available. Would have to close and apply again. Obviously not worth doing, so it is what it is...

Anyway cool deal on the APR reduction. If I ever need to carry a balance it sure beats the initial 23.24% I had when first opening the card.

[galahad15]

Congrats!

[Anonymous]

---

@someg33k wrote:

FYI for anyone that has this card and does not have Tier 1 interest rate.

Really did not think this was possible with Commenity, especially with front line CSR.

I was approved for this card  a year ago at Tier 3 and only a $4000 limit   Got a few CLIs and my CR has improved so Im thinking at least try for siggy and apr reduction.

Sent a secure message asking to upgrade to Signature and reduce APR - They replied with a canned response that in short said no and offered no additional info.

Today I called in and got a very nice and knowledgeable rep on the phone (crazy for Commenity right?)  Explained to him what I was after and he said he can not upgrade my account as is directly to Signature. However he went on to explain that there is a process in place that allows upgrades to the account, 1 step every 4 months if you meet the criteria. Did not provide all the details but he said some of what you would expect. No recent negatives on report, account is active - in use the last 4 months. Account history is good.

So today I was upgraded from Tier 3 22.99%  to Tier 2 17.99%   and he said call back in 4 months and they could upgrade again to Tier 1. At which point I would get lowest APR and Signature card.

Thought I would share as this info should be helpful to some of you.

@humuhumunukunukuapua'a wrote:

Correct - I was able to do this APR redux as well after 6 months of having the card and using it regularly and for fairly large amounts, also paying in full. Mine is a Visa Signature and was moved to Tier 2 - was told to call 4 months after the last APR reduction and if I keep regular usage and payments, I should be able to get the card to 13.99%. Not bad.

   My card started out as a Visa Signature. If your card did not, they will not be able to allow upgrades to Signature.

Congratulations OP on your successful APR reduction!

[FinStar]

---

@someg33k wrote:

*Update*

Called back today and was able to get the APR reduced to 14.24% which is the lowest they offer for this card.

But as Finstar predicted (damn you )    no siggy upgrade process available. Would have to close and apply again. Obviously not worth doing, so it is what it is...

Anyway cool deal on the APR reduction. If I ever need to carry a balance it sure beats the initial 23.24% I had when first opening the card.

---

LOL   Yes, I agree, not worth to apply all over again since you already have history with this CC.

Very happy to hear that they were able to lower APR reduction - nicely done!  That definitely wins in my book.  Thanks for updating the thread since these are great data points for others.