I’ve had my Chase rewards card for about four (4) months now, so I decided to call them up to see whether or not they’d be able to reduce my interest rate. It was at a ridiculous 23% At first, I didn’t really mind since I use this card as a rewards card only. That being said, I pay off the balance in full every month.
Now there’s a lil’ catch 22 with whole reward card thing. Since it’s a reward card I want to get the maximum rewards I can. Therefore, I use this card for everything. That makes it a little bit harder to pay off the balance every month. I had to pull some money out of my savings last month to pay it off.
So just in case, I called up Chase and asked for a reduction in my APR. Great news! There was a “promotional reduction available” on my account. So I asked, “What’s the promotion?”. The guy on the phone (Juan I think his name was) told me that today they would be able to reduce the APR on my card to a whopping 21% from 23%.
