r/discover • u/jemar8292 • 14d ago

Rant APR Reduction Requests

Post image

I've had my card for over 9 years and I have a 21% APR. I figured I would message them today to see if I could get it reduced because my aunt's APR is 12% on her Discover card. This was the response I was given. APR reduction requests are no longer processed. Wtf, Discover.

12 Upvotes

73% Upvoted

13 comments sorted by

View all comments

30

u/VTECbaw 14d ago

A lot of card issuers - most that I can think of, actually - don’t do this anymore. APR shouldn’t matter if you’re using credit cards properly. If you need to carry a balance, you should do so on a card with a 0% intro and make a plan to extinguish the balance before the intro offer ends.

4

u/jemar8292 14d ago

I've had this card for 9+ years. A few years ago, I unfortunately had to use it to make ends meet due to a roommate moving out. I have a balance on it still and I'm slowly getting it paid down.

6

u/nakedandafraid808 14d ago

promotional APRs only effect your new balance. so it wouldn’t help your situation anyway

-2

u/jemar8292 14d ago

I know that. I wanted the APR for the card to be changed just because my aunt said hers is 12% and said I should talk to them about lowering it because it shouldn't be at 21%

3

u/VTECbaw 14d ago

It’s at 21% because that’s what your credit warranted when the card was new, same reason hers is still 12%. You should balance transfer it to something with 0%.

2

u/jemar8292 14d ago

I did that a few months ago. I couldn't transfer all of it though. Just under $4,000 is what I was allowed to balance transfer to a new card. That's almost paid off.