I've had my CapOne account since last April. In December, my APR was 20.80. Since December, my APR has reduced by .50% and now it's at 18.8%....a whole 2%!!! Now I realize that's not GREAT but it's a welcome surprise. I'm about to call and see if I can get a credit line increase....WOOHOO!
YEAH BABY...I got an increase! Okay, sure, it was only $200 but hey, that's WAY cool for me! Helps with my debt to limit ratios!
CONGRATS!!!!! 200 from CAP1 is a decent increase!!! Next month call up and try for a lower APR Keep at them and you'll soon have prime terms and a great credit limit
Look at your terms... My Cap One contract is a variable rate - it changes with prime. Prime has been going down. breeze
Prime hasn't been going down consistantly .50% for the last 6 months has it? I understand what you are saying (and I'll have to check the terms when I get home), but I would expect to see prime going down over the last 6 months. In ANY case, prime or no prime....18% is better and 22% which is what I think it started it.
Prime Rate (these are my records - may not be exact date of the FOMC meetings): 5/17/00 9.5 1/3/01 9.0 1/31/01 8.5 3/20/01 8.0 4/19/01 7.5 5/16/01 7.0 Congrats on the increase!
