Author Topic: Amex Lower Interest  (Read 2246 times)

Offline jose34

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Aug 2016
  • Posts: 2396
  • Total likes: 154
  • DansDeals.com Hat Tips 2
    • View Profile
Amex Lower Interest
« on: July 18, 2017, 08:26:34 AM »
See attachment, did anyone else that offer, does this do anything your credit rating.

Offline keemster26

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jan 2015
  • Posts: 2315
  • Total likes: 37
  • DansDeals.com Hat Tips 5
    • View Profile
Re: Amex Lower Interest
« Reply #1 on: July 18, 2017, 09:07:04 AM »
See attachment, did anyone else that offer, does this do anything your credit rating.
I got that offer

Offline bbsd

  • Dansdeals Bronze Elite
  • *
  • Join Date: Nov 2016
  • Posts: 37
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: brooklyn
Re: Amex Lower Interest
« Reply #2 on: July 19, 2017, 12:41:32 AM »
yes got 6.99

Offline TimT

  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • ********
  • Join Date: Dec 2013
  • Posts: 22077
  • Total likes: 7130
  • DansDeals.com Hat Tips 12
    • View Profile
Re: Amex Lower Interest
« Reply #3 on: July 19, 2017, 09:24:25 AM »

Offline outinstyle

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Apr 2012
  • Posts: 714
  • Total likes: 36
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: NYC
Re: Amex Lower Interest
« Reply #4 on: July 19, 2017, 09:25:39 AM »
Where is this located?
In the account / online or targeted email?

Offline TimT

  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • ********
  • Join Date: Dec 2013
  • Posts: 22077
  • Total likes: 7130
  • DansDeals.com Hat Tips 12
    • View Profile
Re: Amex Lower Interest
« Reply #5 on: July 19, 2017, 09:27:59 AM »
Where is this located?
In the account / online or targeted email?
Right after logging in

Offline bbsd

  • Dansdeals Bronze Elite
  • *
  • Join Date: Nov 2016
  • Posts: 37
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: brooklyn
Re: Amex Lower Interest
« Reply #6 on: July 19, 2017, 08:52:20 PM »
email

Offline Savingsbeast

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Jul 2016
  • Posts: 360
  • Total likes: 188
  • DansDeals.com Hat Tips 2
    • View Profile
Re: Amex Lower Interest
« Reply #7 on: February 27, 2024, 05:42:17 PM »
I saw a classified ad offering to help negotiate a lower interest rate for credit cards. Now, im aware that you ask for and try to negotiate a better APR, although some banks may require you to close the account.

However, what interest me about the ad was that the ad claimed to also be able to get back some of the interest paid. I jave never heard of that, so I called them trying to get more information. Based on my conversation, I speculate that once they've successfully negotiated a better APR they simply ask to have that new rate applied retroactively to the previous say 2-3 billing cycles.

Additionally, they claimed to be able to lower AMEX to an 8% rate.

Has anyone gotten a negotiated rate with Amex that low? Does anyone know more about the getting the interest partially refunded?


Offline LoLo

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Aug 2014
  • Posts: 3772
  • Total likes: 197
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
Re: Amex Lower Interest
« Reply #8 on: February 27, 2024, 05:49:36 PM »
Additionally, they claimed to be able to lower AMEX to an 8% rate.
I believe this is the standard amex financial hardship plan rate, requires closing the account too.

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4102
  • Total likes: 1015
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
Re: Amex Lower Interest
« Reply #9 on: February 27, 2024, 06:05:55 PM »
I believe this is the standard amex financial hardship plan rate, requires closing the account too.
I think they can pause the account usage until you finish the hardship plan

Offline Savingsbeast

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Jul 2016
  • Posts: 360
  • Total likes: 188
  • DansDeals.com Hat Tips 2
    • View Profile
Re: Amex Lower Interest
« Reply #10 on: February 27, 2024, 06:09:50 PM »
I think they can pause the account usage until you finish the hardship plan
Do you mean without necessarily requiring to close it? Because the guy I spoke to did say the account can remain open.

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4102
  • Total likes: 1015
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
Re: Amex Lower Interest
« Reply #11 on: February 27, 2024, 06:43:03 PM »
Do you mean without necessarily requiring to close it? Because the guy I spoke to did say the account can remain open.

Correct.  They restrict for the time being
#TYH

Offline Savingsbeast

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Jul 2016
  • Posts: 360
  • Total likes: 188
  • DansDeals.com Hat Tips 2
    • View Profile
Re: Amex Lower Interest
« Reply #12 on: February 27, 2024, 09:29:37 PM »
Correct.  They restrict for the time being
Can I choose to pause as opposed to close the account or it's up to them?

Offline chbochur

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: May 2015
  • Posts: 811
  • Total likes: 122
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Amex Lower Interest
« Reply #13 on: February 27, 2024, 10:16:59 PM »
Why does this make more sense then a balance transfer?

Offline Mordyk

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2013
  • Posts: 4102
  • Total likes: 1015
  • DansDeals.com Hat Tips 3
  • Gender: Male
    • View Profile
  • Programs: Some of this and some of that.
Re: Amex Lower Interest
« Reply #14 on: February 28, 2024, 01:54:56 PM »
Can I choose to pause as opposed to close the account or it's up to them?
I'm not sure
#TYH