Today I get in the mail something from them on how to lower my rate. Here is what it says:
- Sign up for auto bill pay by 8/31/07 and get your APR lowered to 28.24%
- Pay on time, stay within your credit limit, and have no returned checks for 12 months
- Then watch your APR drop to an even lower 16.24%
Hopefully I will have it paid off completely before that year of auto bill pays are up.
The fine print - once you sign up for auto bill pay by 8/31/07 your APR will be reduced to 28.24% no later than 10/31/07. To get the 16.24% all of the conditions in #2 above must be met each month after June 30, 2007. That rate will be effective no later than 8/31/08.