No. of Recommendations: 5
I finally got AMEX to drop my APR from 24.99% (shudder) to 14.74%
Not great - but OH such an improvement.


Blue pulled the same thing on me. They sent me a letter that they were lowering my rate to 8% then after an on-line payment was a few days late posting, they decided to raise me to 18%. They said there was nothing they could do - it would take 12 months to reset the rate. I tried to bargain but the customer-no-service refused to budge.

I am paying off the balance of the card, and moving the scheduled auto payments to another card that is at 7%. I will then give Blue one more chance to keep me or lose me. If they still say no, I will clear the points off the card (maybe move them to Sky Miles) and pack the card away. No more activity until Blue becomes more sensible. The only power a consumer has is the power to walk away.
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