I don't get paper statements on my credit card accounts; I went paperless for everything I could a long time ago. I track my CC accounts diligently so I can keep up with the percentage I've paid off monthly, and recently I've noticed some interesting changes in some of my APRs. One of my extremely high APR cards, Juniper, lowered the APR from 28.99% to 28.49% in November, than even further to 27.99% in December. (And if they want to continue that trend, it's fine by me!) The biggie, which I noticed just the other day, is Capital One, with whom I have two cards. The APR on both of my Capital One cards was 24.4%, but in December the APR on one card went down to 14.4% and the APR on the other card went down to 14.65%. Woo-hoo!!!
A year ago, when I started paying down my CC debt in earnest and vowed to (1) make ALL payments on time and (2) incur NO NEW DEBT, my plan was to stay on track for awhile and establish a better record, and then call all my CC companies to see about getting my APRs lowered. But then the economy got all squirrelly and I figured there wasn't a hope in the world of getting any of them to lower an APR. In recent months, WaMu/Chase jacked up my APR from 21.99% to 29.99% (in October), but Capital One lowered my APR by 10 points two months later ... is it any wonder I'm confused??
APR on some of my CCs was lowered!
January 10th, 2009 at 09:42 pm
January 10th, 2009 at 11:09 pm 1231628952
January 11th, 2009 at 01:46 am 1231638402
January 11th, 2009 at 04:22 pm 1231690945