[Expired] Chase Sending Out Offers For Reduced APRs

The Offer

  • Chase has sent out e-mails to some cardholders reduced APRs on purchases made from April 1st until September 30th, 2020. Rates I’ve seen offered:
    • 4.99%
    • 6.99%

Our Verdict

You shouldn’t be carrying a balance anyway, so this shouldn’t affect our readers. If you do already have credit card debt that you’re struggling to pay off then look into a 0% APR/0% balance transfer offer and then try to pay it off as quickly as possible. As the economy tanks I think we will see more and more of these low APR offers.

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PoorChurner
PoorChurner

Neat. Something else Chase can spam me about. Adding to balance transfers and upgrade to WOH card emails.

Chris
Chris

They have lowered the APR of my freedom card from 24% to their “lowest” 16% permanently.

Hollis
Hollis

Is there any benefit at all to activating these low APRs even if you don’t carry a balance and doubt you ever will?

John Adamson
John Adamson

“As the economy tanks I think we will see more and more of these low APR offers.”

That is a mighty strong prediction there. People have been calling it for 10 years including the oil crisis in 2016. The big 3 generally have 0% bt offers with low fees so this is really nothing new.

Shm
Shm

Anyone got on ink cards?

Dima
Dima

After seeing that people got all these low % offers I feel somewhat offended by 8.99% offer on my CSP.

MrBlack
MrBlack

Same…
However, I am not going to pay Chase interest at all so anyway…

George
George

Got 8.99 on the MPE 💩
Last year, I kept getting BT offers on MPE and Boundless with a 4% fee 💩

Meanwhile, Citi is offering promo APRs of 0-1.99%, and BoA is sending out 19-/20-month BT offers with a 3% fee.

Gadget 🕵️

I’ve noticed since I am holding a balance on a couple 0% intro offer cards that I have been getting a bunch of these in the mail. Citi is the most nagging one, each time I log in online they are wanting me to accept my great offer. Amex sent me one today for 1.99% for 9 months, but I think it was for a balance transfer, not new purchases. I just tear them up.

I wish there was some way to negotiate a spending bonus over them wanting to hold some of my “debt” that I only have because it’s a free loan.

Celia
Celia

Amex offer is 1.99% for new purchases on mine.

Brian C 🐕

I was offered a comical 10.99%

Eric
Eric

If you can’t afford to pay off your credit card balance every month, you probably shouldn’t be using credit cards. I don’t care how low the APR is.