What is your American Express APR?

[lionsfan20]

So I have the BCE and my 0 % promo just ended and my new apr is 20.24 percent. I called up to see what they could do and they told me that I have the highest and that unless amex changes the rate for everyone , mine wont change. They also said the lowest for my card is 15.2% and that the rewards cards have alot higher aprs.

Just wondering if the lady was clueless and what everyone else's is because 20% is a joke.

[SnackTrader]

14.99%

[FinStar]

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@lionsfan20 wrote:

So I have the BCE and my 0 % promo just ended and my new apr is 20.24 percent. I called up to see what they could do and they told me that I have the highest and that unless amex changes the rate for everyone , mine wont change. They also said the lowest for my card is 15.2% and that the rewards cards have alot higher aprs.

Just wondering if the lady was clueless and what everyone else's is because 20% is a joke.

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If you PIF this should be no issue.  AMEX is not one that favors revolving balances for an extended period.  Additionally, your card needs to be open/in good standing for >12 months to be considered for a lower APR.  If your account is not elegible at that point, then the APR remains as is.

[n777ua]

10.24% on BCE, 16.24% Hhonors, 18% Select & Pay Later

[lionsfan20]

If you go through my posts , youll see ive fought many people on what you just said. Ive carried a 1500 balance for 12 months and never had a problem. My balance is still 1300. There going to get around 25 bucks a month in interest , why would they care , its how they make there money. That myth evolved from a few unhappy campers who never tell the whole story. Cant believe everything you read on here.

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@FinStar wrote:

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@lionsfan20 wrote:

So I have the BCE and my 0 % promo just ended and my new apr is 20.24 percent. I called up to see what they could do and they told me that I have the highest and that unless amex changes the rate for everyone , mine wont change. They also said the lowest for my card is 15.2% and that the rewards cards have alot higher aprs.

Just wondering if the lady was clueless and what everyone else's is because 20% is a joke.

---

If you PIF this should be no issue.  AMEX is not one that favors revolving balances for an extended period.  Additionally, your card needs to be open/in good standing for >12 months to be considered for a lower APR.  If your account is not elegible at that point, then the APR remains as is.

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[Anonymous]

Mine is 22.24%. I am going to attempt to get it lowered this winter when I've had the card for more than a year. But it's definitely not a card I carry a balance with.

It's my highest APR card, but I try not to worry to much about it.

[FinStar]

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@lionsfan20 wrote:

If you go through my posts , youll see ive fought many people on what you just said. Ive carried a 1500 balance for 12 months and never had a problem. My balance is still 1300. There going to get around 25 bucks a month in interest , why would they care , its how they make there money. That myth evolved from a few unhappy campers who never tell the whole story. Cant believe everything you read on here.

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@FinStar wrote:

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@lionsfan20 wrote:

So I have the BCE and my 0 % promo just ended and my new apr is 20.24 percent. I called up to see what they could do and they told me that I have the highest and that unless amex changes the rate for everyone , mine wont change. They also said the lowest for my card is 15.2% and that the rewards cards have alot higher aprs.

Just wondering if the lady was clueless and what everyone else's is because 20% is a joke.

---

If you PIF this should be no issue.  AMEX is not one that favors revolving balances for an extended period.  Additionally, your card needs to be open/in good standing for >12 months to be considered for a lower APR.  If your account is not elegible at that point, then the APR remains as is.

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Has nothing to do with what's read on here.  More statistical than anything plus IME with AMEX in 20+ years (business & personal) I can pretty much gauge them on how some of these policies apply.

[lionsfan20]

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@FinStar wrote:

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@lionsfan20 wrote:

If you go through my posts , youll see ive fought many people on what you just said. Ive carried a 1500 balance for 12 months and never had a problem. My balance is still 1300. There going to get around 25 bucks a month in interest , why would they care , its how they make there money. That myth evolved from a few unhappy campers who never tell the whole story. Cant believe everything you read on here.

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@FinStar wrote:

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@lionsfan20 wrote:

So I have the BCE and my 0 % promo just ended and my new apr is 20.24 percent. I called up to see what they could do and they told me that I have the highest and that unless amex changes the rate for everyone , mine wont change. They also said the lowest for my card is 15.2% and that the rewards cards have alot higher aprs.

Just wondering if the lady was clueless and what everyone else's is because 20% is a joke.

---

If you PIF this should be no issue.  AMEX is not one that favors revolving balances for an extended period.  Additionally, your card needs to be open/in good standing for >12 months to be considered for a lower APR.  If your account is not elegible at that point, then the APR remains as is.

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Has nothing to do with what's read on here.  More statistical than anything plus IME with AMEX in 20+ years (business & personal) I can pretty much gauge them on how some of these policies apply.

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show me the research to back it up. Like I said if anything , it should of happened to me already. I am a student with practically no income and a 15k credit limit and always carry over a 1k balance and they have never given me a problem. So you said its statistical  ,show the research.

[Themanwhocan]

I applied for Amex BCE via the creditcards.com cardmatch feature, so I received a larger signup bonus, plus APR is set to 12.99% if you are accepted via that route.

[FinStar]

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@lionsfan20 wrote:

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@FinStar wrote:

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@lionsfan20 wrote:

If you go through my posts , youll see ive fought many people on what you just said. Ive carried a 1500 balance for 12 months and never had a problem. My balance is still 1300. There going to get around 25 bucks a month in interest , why would they care , its how they make there money. That myth evolved from a few unhappy campers who never tell the whole story. Cant believe everything you read on here.

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@FinStar wrote:

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@lionsfan20 wrote:

So I have the BCE and my 0 % promo just ended and my new apr is 20.24 percent. I called up to see what they could do and they told me that I have the highest and that unless amex changes the rate for everyone , mine wont change. They also said the lowest for my card is 15.2% and that the rewards cards have alot higher aprs.

Just wondering if the lady was clueless and what everyone else's is because 20% is a joke.

---

If you PIF this should be no issue.  AMEX is not one that favors revolving balances for an extended period.  Additionally, your card needs to be open/in good standing for >12 months to be considered for a lower APR.  If your account is not elegible at that point, then the APR remains as is.

---

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Has nothing to do with what's read on here.  More statistical than anything plus IME with AMEX in 20+ years (business & personal) I can pretty much gauge them on how some of these policies apply.

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show me the research to back it up. Like I said if anything , it should of happened to me already. I am a student with practically no income and a 15k credit limit and always carry over a 1k balance and they have never given me a problem. So you said its statistical  ,show the research.

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It's simple, AMEX is not going to lower that APR until you are elegible, otherwise you would have qualified for better APR terms when you applied and got approved for the account - that's pretty statistical.  I don't belive it was implied they were going to FR or do any type of AR if your account carried this balance for a long period of time.   From an internal score basis they can pretty much review your payment habits, purchases and other behavioral patterns to determine whether (a) you can qualify for a better product, (b) have your APR lowered, (c) qualify for a CLI, etc.

But, on the surface, it appears like your ran out of time, balance is $1,300 and now you need to park your balance with better APR terms... Not to sound harsh but sorry AMEX is just not budging.