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Author: FuskieFool Big funky green star, 20000 posts Top Favorite Fools Old School Fool Ticker Guide SC1 Red Winner of the 2010 Rule Breakers Challenge Answer Team Taco Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311083  
Subject: Re: Amex drops my APR!!! Date: 1/12/2003 6:20 PM
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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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