Credit Tips: Credit Card Retention Offers

Posted On: January 1, 2006

Author: R
Posted: Wed Jul 07, 2004 2:40 pm
Post subject: Credit Card Retention Offers

2/17/2002 10:09 am CDT

I was wondering if anybody reading this board would be willing to let me know what types of Retention offers you have been receiving when you call to close out your accounts?

The more information you give the better…such as how much your previous rate was and what they offered, etc.

Author: Matt
Posted: Wed Jul 07, 2004 2:40 pm
Post subject: Credit Card Retention Offers

2/18/2002 11:58 pm CDT

I had a Prime plus 7.99% on my Citibank Plat Mastercard that was opened early January of this year. They asked me why I closed, and I said due to the high interest rate. The lady then asked me what rate I had gotten, and I said 8.9% fixed, so she offered me a Prime + 2.9% which equals 7.64%. I’ll take it I said! WOW, I was shocked, especially being with the company for a mere month. Maybe I just hit the right CSR.

Author: mouse
Posted: Wed Jul 07, 2004 2:41 pm
Post subject: Credit Card Retention Offers

2/19/2002 0:18 am CDT

They also offer prime + 1.9% and prime + 0.9%.

The prime + 0.9% is kinda’ rare.

Author: Ted
Posted: Wed Jul 07, 2004 2:41 pm
Post subject: Credit Card Retention Offers

2/19/2002 8:46 pm CDT

I had a Diners Club card for years and was offered enough club points as a bonus each year to offset the annual fee. When my charges declined during a slow business year, they did not make me the same offer. I guess they were basing their decision on my annual spending which exceeded $100K a year.