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banelli · 10-31-2007, 03:07 PM

how can i lower my credit card interest rate?

ForexPros · 10-31-2007, 03:07 PM

there are 2 things you could do: 1) talk with the officers of the bank (not the CSR) and ask for the decrease in interest rate (I've heard some will reduce the rate, some won't, mine won't), and 2) move your credit to another credit card (that will give lower itnerest) with a consolidation from your present card (be careful as sometimes they start out with low rates and then increase them, so all you "might" be doing is leaving behind the several good years of credit history you have already built up).

200pips · 10-31-2007, 03:07 PM

Providing you are in good standing and have been paying on time etc. all you have to do is call the credit card company and tell them that you would like to continue doing business with them but need a lower rate. If they refuse then start talking to other card providers to see what they will do. If you have a credit card you are probably being bombarded with offers to switch. Read all of the small print (a real pain) to make sure it is not just an introductory offer, that they do not charge an annual fee etc.

Good Luck.

sox · 10-31-2007, 03:07 PM

threaten to drop the card and they will do things to keep you as a customer

big$saver · 10-31-2007, 03:07 PM

if you have good credit standing, just call the credit card company and ask them to lower the interest rate. Some company will do it to keep you happy.

taxfilez · 10-31-2007, 03:07 PM

Sometimes a simple phone call will do it. I called and got one of mine reduced a full 1%

10-31-2007, 03:07 PM	#1
banelli Greenhorn Join Date: Jul 2006 Posts: 44 Rep Power: 6	how can i lower my credit card interest rate? how can i lower my credit card interest rate?

10-31-2007, 03:07 PM	#2
ForexPros Piggy Bank Join Date: Jul 2006 Posts: 55 Rep Power: 6	how can i lower my credit card interest rate? there are 2 things you could do: 1) talk with the officers of the bank (not the CSR) and ask for the decrease in interest rate (I've heard some will reduce the rate, some won't, mine won't), and 2) move your credit to another credit card (that will give lower itnerest) with a consolidation from your present card (be careful as sometimes they start out with low rates and then increase them, so all you "might" be doing is leaving behind the several good years of credit history you have already built up).

10-31-2007, 03:07 PM	#3
200pips Piggy Bank Join Date: Jul 2006 Posts: 54 Rep Power: 6	how can i lower my credit card interest rate? Providing you are in good standing and have been paying on time etc. all you have to do is call the credit card company and tell them that you would like to continue doing business with them but need a lower rate. If they refuse then start talking to other card providers to see what they will do. If you have a credit card you are probably being bombarded with offers to switch. Read all of the small print (a real pain) to make sure it is not just an introductory offer, that they do not charge an annual fee etc. Good Luck.

10-31-2007, 03:07 PM	#4
sox Piggy Bank Join Date: Jul 2006 Posts: 59 Rep Power: 6	how can i lower my credit card interest rate? threaten to drop the card and they will do things to keep you as a customer

10-31-2007, 03:07 PM	#5
big$saver Piggy Bank Join Date: Jul 2006 Posts: 59 Rep Power: 6	how can i lower my credit card interest rate? if you have good credit standing, just call the credit card company and ask them to lower the interest rate. Some company will do it to keep you happy.

10-31-2007, 03:07 PM	#6
taxfilez Greenhorn Join Date: Jul 2006 Posts: 28 Rep Power: 6	how can i lower my credit card interest rate? Sometimes a simple phone call will do it. I called and got one of mine reduced a full 1%

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