UPDATE: 4th Citi APR reduction, 4 days in a row!!

[lhcole77]

Approved earlier this month for AAdvantage card (with APR much higher than I am used to). Contacted Citi via online chat to request APR reduction. 

BAM! Went from 19.99% to 17.99%.

Then I asked if I could lower my Simplicity from 12.99% and this is what I was told...interesting. Anyone have a lower APR on their Simplicity than 12.99%?

[ksantangelo23]

12.99% is generally the lowest rate for most CC's, with no way to override it.

https://www.accountonline.com/cards/credit/displayterms/flow.action?sc=4DPZWRA53000111111W&app=UNSOL...

[heyarrnold]

Congrats. I asked them 10 days after opening the account to lower the APR. It went form 13.99% to 13.24%. Will ask again mid April lol. 

[Anonymous]

Where is the chat link? I don't see it in Contact Us.

[lhcole77]

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@ksantangelo23 wrote:

12.99% is generally the lowest rate for most CC's, with no way to override it.

https://www.accountonline.com/cards/credit/displayterms/flow.action?sc=4DPZWRA53000111111W&app=UNSOL...

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Define "most"

Are you referring to Citi's cards or including other lenders as well? 

[ksantangelo23]

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@lhcole77 wrote:

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@ksantangelo23 wrote:

12.99% is generally the lowest rate for most CC's, with no way to override it.

https://www.accountonline.com/cards/credit/displayterms/flow.action?sc=4DPZWRA53000111111W&app=UNSOL...

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Define "most"

Are you referring to Citi's cards or including other lenders as well? 

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Most lenders, including Citi, bottom out at 12.99%, give or take a fraction to one percent. The minimum is always in the generic credit card agreement.

EDIT: Yes, I was referring to most lenders

[grinlikechelsea]

Congrats on the AAdvantage APR reduction! 

[lhcole77]

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@ksantangelo23 wrote:

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Most lenders, including Citi, bottom out at 12.99%, give or take a fraction to one percent. The minimum is always in the generic credit card agreement.

EDIT: Yes, I was referring to most lenders

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Gotcha.

I've been able to get reductions on cards below the published lowest rates. AMEX and BofA are examples.

[ksantangelo23]

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@lhcole77 wrote:

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@ksantangelo23 wrote:

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Most lenders, including Citi, bottom out at 12.99%, give or take a fraction to one percent. The minimum is always in the generic credit card agreement.

EDIT: Yes, I was referring to most lenders

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Gotcha.

I've been able to get reductions on cards below the published lowest rates. AMEX and BofA are examples.

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I guess I stand corrected! I've not heard of an APR below the minimum

[Anonymous]

Thats nice Lucas, congrats