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Your APR May Improve if Your Credit History Improves

BECU routinely evaluates our credit card members’ credit portfolios. If your credit has improved, and you don’t already have the lowest rate, we look to lower the APR on your card.

We generally review credit portfolios in the fall of each year. This year, we are reviewing and lower rates on September 1. Approximately 15,000 members will see a change in their rate. If your rate is lowered, BECU will send you a letter. You can also log into Online Banking to see your new lower rate.

What if your rate doesn’t change?
BECU looks to lower cardholders’ APR based on credit history with BECU and other lenders. If your credit history qualifies for a lower APR, we make the adjustment. But this is no guarantee that your rate will be lowered. Certain accounts may be excluded from the rate adjustment consideration—including, but not limited to the following reasons:/p

• Accounts open for less than 12 months
• Closed accounts
• Accounts that are currently delinquent and/or over the limit
• Accounts that have had a delinquency in the last 12 months

What can you do to improve your credit score, and get a better rate?
Although there is no guarantee, you may be considered for a lower rate if you take steps to improve your credit history. Here are a few helpful tips to follow:

• Make all payments on time
• Keep low balances on your credit cards
• Look at your credit report once a year to ensure there is no fraud on your credit accounts

Questions?
As always, if you have any questions about your credit card account or any account at BECU, call a BECU representative at 800-233-2328 or visit your local BECU Neighborhood Financial Center.