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Home > APR on some of my CCs was lowered!

APR on some of my CCs was lowered!

January 10th, 2009 at 01:42 pm

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??

3 Responses to “APR on some of my CCs was lowered!”

  1. lizajane Says:

    Those still sound very high to me. I'd call them all, especially the one that went UP, and ask them to lower it like all the other companies did. All they can do is say no, but it never hurts to ask, since you've been responsible with them.

  2. Amber Says:

    I was thinking that it was still high as well, but in a time when lenders are raising rates I think it's great that yours were decreased

  3. Koppur Says:

    That is great!

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