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BOB+ · 10-31-2007, 02:06 PM

When calling to ask for them to be lowered, I was advised that one could be lowered to 14.8% (the 19.8) and that the other can be rolled into that account for just one account. However, the other account would them be closed. Won't that affect my credit score negatively if the other account is closed?<br />

General · 10-31-2007, 02:06 PM

14.8% non-fixed on a credit card is not very good but is not bad either. For example, my best card is 9.9% fixed and most of my floating ones are 11-18%. If they will consolidate the credit ammounts as well say that you have a $2000 line and a $1000 and they make it a $3000 line it should make no matter to your credit report. Over the years I have had over 100 cards and had many of them consolidated this way. What you want to make absolutely sure of is that they write to the credit bureaus that they closed the account at your request not on their own. I had a consolidation where someone said the bank closed the account and I could not get approved for a card after that for 6 months.

Mazlow · 10-31-2007, 02:06 PM

i have 9.8% or little below APR forever, not intro rate. It was juniper mastercard. I didn't ask for it. They sent me the offer themselves and that i think was the last card i will ever apply for.

10-31-2007, 02:06 PM	#1
BOB+ Piggy Bank Join Date: Jul 2006 Posts: 96 Rep Power: 6	I have 2 credit cards (22.8/19.8 int. rates) How do I get a lower interest rate for both credit card accounts? When calling to ask for them to be lowered, I was advised that one could be lowered to 14.8% (the 19.8) and that the other can be rolled into that account for just one account. However, the other account would them be closed. Won't that affect my credit score negatively if the other account is closed?<br />

10-31-2007, 02:06 PM	#2
General Greenhorn Join Date: Jul 2006 Posts: 13 Rep Power: 0	I have 2 credit cards (22.8/19.8 int. rates) How do I get a lower interest rate for both credit card accounts? 14.8% non-fixed on a credit card is not very good but is not bad either. For example, my best card is 9.9% fixed and most of my floating ones are 11-18%. If they will consolidate the credit ammounts as well say that you have a $2000 line and a $1000 and they make it a $3000 line it should make no matter to your credit report. Over the years I have had over 100 cards and had many of them consolidated this way. What you want to make absolutely sure of is that they write to the credit bureaus that they closed the account at your request not on their own. I had a consolidation where someone said the bank closed the account and I could not get approved for a card after that for 6 months.

10-31-2007, 02:06 PM	#3
Mazlow Greenhorn Join Date: Jul 2006 Posts: 9 Rep Power: 0	I have 2 credit cards (22.8/19.8 int. rates) How do I get a lower interest rate for both credit card accounts? i have 9.8% or little below APR forever, not intro rate. It was juniper mastercard. I didn't ask for it. They sent me the offer themselves and that i think was the last card i will ever apply for.

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