Sub Prime Credit Card Club

random_fat_bird

Good work on that one. Nice to know that even a sub-prime customer can be treat 'well' by the companies:)

Jinos

Thanks RFB,

Yes, I was pleasantly surprised! Hopefully someone else may get the same treatment. Mind you, I think they've made enough ££ off me over the years :rolleyes:
J

thriftymomma

Jinos wrote: »

Hi all,

This is for anyone with a Citi card with a ridiculous interest rate... I've had one for a few years now (it started off as an 'Associates' card), and the purchase rate is 29%... I've luckily come into the postion where I was able to clear most of another card which made me think I'd try a balance transfer to it, to clear the Citi card, although the rate wasn't great on the other card either (but better, 15.9% +3% BT fee).

Anyway, I rang Citi to ask if I had any BT deals available if I managed to clear my account (thinking I could always BT it straight back if it was much lower...). The guy in the Indian call centre was polite but said 'Sorry, no'. I then asked if they could lower my APR and again he said 'No. Sorry. Definitely not.'

I then tried ringing them again, this time going for the 'Press xx if you'd like to close your account' option. I explained to the guy I was planning to BT my whole balance off the card and would there be any deals available if I did. I said that if not then I was *thinking* of closing my card (I stressed the 'thinking' bit as I didn't want him to close it there and then!). He asked for a few seconds to look at my account and then went on about how great a customer I had been (!!), how I had 'tried' to keep within the terms and conditions (no late payments but gone overlimit by less than £10 on 2 occasions in 5 years:o ) and that they didn't want to lose me as a customer... he then offered me a BT rate of 3.9% for life of balance, with no fee at all! :j
I was so surprised I didn't say anything which then prompted him to say 'Oh, yes, and I can also offer to reduce your purchase APR to 7.9% for 6 months'..!! Mind you, I won't spend on it with a BT on it but it's nice to have

So, even with the 3% fee of transferring the balance away to another card (plus the few days' interest it will generate there of course), once I BT it back I'll be saving a *lot* in interest. The offer is open until the end of the month.

So, even for those sub-prime cards there is a chance they'll go mad and reduce the APR :beer:

Cheers all
J

That is wonderful!

clio

Good work on getting that result you must be dead happy as the debt will come down quicker now the apr is way way lower:)

PROLIANT

Just bumping the thread up before I set off on my voyage, take all and speak soon. :beer:

emmy05

PROLIANT wrote: »

Just bumping the thread up before I set off on my voyage, take all and speak soon. :beer:

bye for now, take care xxxxxx :j :j

clio

Aye watch the bike doesn't get nicked them sheep will steal out not nailed/cemented/bolted/screwed down lol.....

darcyvuqua

hey guys im back...........................................!

clio

way hey it,s the dissapearing jungle man with apply now tattooed on his forehead lol \0/

darcyvuqua

how did you know clio lol i have not touched it for just over 5 weeks now so im doing ok!! so whats news guys