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Why Would Citi Increase My APR?!

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pip3man
Valued Contributor

Why Would Citi Increase My APR?!

Ok few weeks ago I contacted Citi and had the APR on my AA card lowered to 4.24%. Days later I requested to PC to the Double Cash card and everything went smoothly. My statement cut today and I logged in to my account only to notice they slightly bumped up my APR to 5.24%. Nothing has changed at all since my last reduction so I can't seem to figure out why they increased the rate all of a sudden. Could the PC have triggered this? Should I call them and request to switch back to the AA Platinum and see if it restores the original APR?? But at the same time I dont wanna draw unnecessary attention to my account Smiley Sad

 

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Message 1 of 24
23 REPLIES 23
Anonymous
Not applicable

Re: Why Would Citi Increase My APR?!

It's definitely the PC that caused it.  You didnt lower your APR on the DC card but on your AA card.  Creditors don't have the same APRs available for all their cards so I'm even bit surprised that they didn't raise it more.  I don't think it would hurt to ask but don't be shocked if they say no.

Message 2 of 24
kdm31091
Super Contributor

Re: Why Would Citi Increase My APR?!

I agree with Irish - it's from the PC. Anyway, you still have a very low, single digit APR. I'd just let sleeping dogs lie.

Message 3 of 24
FinStar
Moderator Emeritus

Re: Why Would Citi Increase My APR?!


@Anonymous wrote:

It's definitely the PC that caused it.  You didnt lower your APR on the DC card but on your AA card.  Creditors don't have the same APRs available for all their cards so I'm even bit surprised that they didn't raise it more.  I don't think it would hurt to ask but don't be shocked if they say no.


I agree, sometimes depending on the PC, the baseline APR for that product will adjust OP.  And, let me say...5.24% on a Citi DC is still a "well endowed" APR%.  I mean, who wouldn't dig that? Smiley Tongue 

 

I wouldn't contact them yet to draw attention.  Wait about one or two statements with the current PC, then hit them up on chat.  If they cannot lower, it's still very decent and I'm sure it's more for ego than anything (still a nice achievement). 

Message 4 of 24
Anonymous
Not applicable

Re: Why Would Citi Increase My APR?!

I think I would be very, very happy to have that APR on a rewards card paying out 2% across the board. Really happy.

Message 5 of 24
Anonymous
Not applicable

Re: Why Would Citi Increase My APR?!


@Anonymous wrote:

I think I would be very, very happy to have that APR on a rewards card paying out 2% across the board. Really happy.


+1

Message 6 of 24
CreditMagic7
Mega Contributor

Re: Why Would Citi Increase My APR?!


@Anonymous wrote:

I think I would be very, very happy to have that APR on a rewards card paying out 2% across the board. Really happy.


+10000000000000

 

Holy Smokes! Many of us would even welcome the 5% APR from Citi Smiley Surprised

Message 7 of 24
Anonymous
Not applicable

Re: Why Would Citi Increase My APR?!

A W E S O M E APR!!!
Message 8 of 24
msbia
Established Contributor

Re: Why Would Citi Increase My APR?!

Don't you dare rock the boat. That is a marvelous APR on the DC! 

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Message 9 of 24
Anonymous
Not applicable

Re: Why Would Citi Increase My APR?!


@CreditMagic7 wrote:

@Anonymous wrote:

I think I would be very, very happy to have that APR on a rewards card paying out 2% across the board. Really happy.


+10000000000000

 

Holy Smokes! Many of us would even welcome the 5% APR from Citi Smiley Surprised


+2 Smiley Very Happy

Message 10 of 24
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