Got a surprise mail from Amex…when I click the link, the below is the message :
Enroll Today to Lower Your Interest Rate
Congratulations! You’ve been selected to receive a promotional APR of 9.99% on eligible new purchases made during the promotional period. The promotional rate begins the day after you enroll your Card and expires 12 billing cycles later. After the end of the promotional period, the APR for these purchases will be the standard Purchase APR on your account, which varies with the Prime rate. Terms apply.
Anyone had the same experience? Though the promo says my standard APR will be reinstated, does this happen?