Thought it might be helpful if people could post experiences with getting cc issuers to lower APRs on their cards. What is the lowest APR that you have managed to negotiate on each of your cards? Which card and from which bank (i.e., Citibank Plat. Select, etc.). So far, my experience has been: Citibank Plat. Select 11.9 fixed Citibank AA Card 14.4 variable Orchard 15.9 fixed MBNA 11.99 fixed ATT Universal 10.49 variable Nextcard 9.99 fixed All of these negotiated except Nextcard and ATT.
Citibank Platinium Select Click Credit 7.15% APR Sony Citibank Platinium Select Card 10.4% Citibank Dividend Platinium Select 9.4% Bank Of America Platinium Mastercard and Visa 9.9 % fixed Nextcard Visa 9.9 % fixed Capital One Kmart Mastercard 11.9 % fixed People's Bank Platinium10.9% fixed. Ron.
These are not negotiated, this is from credit exercising; AT&T 5.9 Citi Choice 7.9 Discover 9.9 First Union 9.9 First USA 9.9 Fleet 6.9 MBNA 8.9 Sears MC 9.9 www.creditsense.com
Hey credit works.. would you please share some information on getting your APR's down to such good rates? My highest regular rate (in use) right now is 9.9%, I am grateful.. but your rates look better. Thanks Cherie
Charge and pay alot. Thats the key. If you can charge and pay like $2000 per month for several months in a row, "excercising" your credit, you'll become more desirable. With citibank its imporant to pay 5-6 times the min payment per month.
My Citibank Div. Plat. select (not the student one) is prime plus 3.9% I got this lowered through Planet Feedback. No luck with other cards yet.
Here's our currents .. suggestions? Scores via eloan.. his 733, mine 710. no lates, judgements, ect.. ever.. just to much debt!! $12,300 MBNA CL $23000 9.9% HELD ACCOUNT SINCE 86 AS A FIRST UNION $5,100 CHASE CL 8200 (NEW ACCOUNT) prime+1.65 $23.36 B OF A CL $9300 8.9% PROMO JUST BT'D TO CHASE $2,150 CITI CL $3500 2.9% UNTIL 3/4/02 ( HIS W/ME AS AUTHORZED USER $900 CITI CL $2500 0% FOR 9 MONTHS (MY ACCOUNT NEW, PAID OF 0% JUNIP $100 CAP ONE CL $4000 9.99% $150 DISCOVER CL $8500 14.99% ( MINE) CHARGE IS CHRISTMAS GIFT $0 SEARS CL $720 21% $80.27 LOWES CL $5,000 21% $0 JUNIPER CL $8500 12.99% cherie
Citibank, negotiated to prime+2.9 down from prime+7.9 (currently in BT for 3.9%) Capital One, negotiated to 9.9 fixed down from 19.8 fixed My other cards have not been negotiated with yet, wrt aprs, but they are: AmEx Blue 0% to June 2002, then 9.9 fixed go to Chase, 2.9% to March 2002, then 18.9 fixed go to BofA, 8.9% to January 2002, then 18.9 fixed go to If Chase and BofA do not significantly drop my go to purchase rate after the promotions expire, I will only use them to pay in full and then close the accounts after they age one year.
Do you think I should write to BofA via planet feedback, call them, or do nothing but wait as ar as getting a new BT offer from them?
As Sam mentioned exercising my credit has gotten me lower rates and higher limits. Is no trick, it just takes patience and discipline. BTW, I have the prime +0 offer from BofA also. www.creditsense.com
I would suggest you start paying down BT balances before they expire and stop applying for any more credit
