creditmess Posted April 27, 2007 Report Share Posted April 27, 2007 LOL.. ohh it is soo nice to finally have some leverage when it comes to choosing my rates on my cards...So I called Orchard bank yesterday. I have two credit cards with them with 500 bucks limit each.. I got on the website and found out that they are both at 30% APR! So I call them up, some lady picks up and I ask her "Could you tell me what the annual fee is on my card?" She says :" $49.99" So I tell her that I was just wondering if she could help me out... I said that I just checked on their website for my account and noticed that my rate is 30% and I was just wondering if she would be willing to lower my interest rate and drop the annual fee... Well, she flat out told me:"I am sorry sir, we can not do that at this moment"So I said:"Ok, that is no problem really, I would like to cancel both of my accounts then"All of the sudden, her tone changed... she transfered me to her account manager. So this guy picks up and I tell him that I want to have A LOT lower rate on my cards than 30%, and waived annual fee. He started to beat around the bush... yada yada yada...talking about possibly this and possibly that... I told him :" This is yes or no question.. can you lower my rate and waive annual fees?" He then told me :" I would ask you to give us a chance and have us review your account, we could combine both cards into one Visa card...yada yada" He then told me that he will call me in 30 days.I told him, if they can't waive my fee, lower my APR to something A LOT lower than 30%, I want to cancel my cards. There is no other way that I will keep my accounts open. I told him that I have cards with 0% APR, no fees, big limits...and 30% APR is ridiculous.He asked if I could just give them a chance. They will contact me soon...We shall see... I love it! LOL Link to comment Share on other sites More sharing options...
SugarNspice Posted April 27, 2007 Report Share Posted April 27, 2007 Thats a high APR, and I'm annoyed that mine is 19.99%. I'm surprised they gave you 30 days to review. Most of the time they do it right on the spot, especially if your considering closing the account. Link to comment Share on other sites More sharing options...
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