Originally Posted by Sup3r52man

I came across this headline regarding Citi's failing to re-evaluate and reduce annual percentage rates for consumer credit card accounts and it got me taking a serious look at my CC APR's and where they stand versus current new card offers today.

I found my Barclay Aviator Red to be the most concerning as my most recent statement showed my APR as 21.74%, looking back on 3 years of statements it has increased 0.75%/year at a total of 3%.

I called Barclay to ask about how often they re-evaluate card members to determine their APR, the agent did not know the exact answer but offered to see if I was "eligible" for an APR reduction. After a quick review "which she stated would not require a hard pull" came back with a 17.74% rate. She read a brief jargon statement about how you are only eligible for a rate reduction once every 12 months, but according to the story line (link below) it appears banks should be re-evaluating on their own every 6 months?

My question is, how often do you evaluate your APR and take matters into your own hands? And have you found such reductions to impact any other offers or Annual Fee waivers in the past?

https://www.marketwatch.com/story/ci...ays-2018-06-29