Know the Secret of Getting Lower Interest Credit Card: #1
You are reading the first part of “Low Interest Credit Cards” series. If you are determined to open a new credit line (card) with low interest then you can skip here and read the next part (Low Interest Credit Card is Now Worthless!), otherwise you can continue…
Can I lower my credit card interest rate? and
How can I lower my credit card interest rate?
Most frequently ask questions those who have high interest rate and may want to carry balances occasionally.
You know, a new credit line is a new threat for credit score. So people might want to stick with their existing credit card. If you want not to hurt your score then you can follow me. I am explaining the questions bellow.
Can I Lower My Credit Card Interest Rate?
In today’s economy you are valuable to your card issuer. So they don’t want to lost you. When you will find low interest credit card in the market, why you stick with them? They also know the question. So they must try to balance the situation. They are like as snacks.
How can I Lower My Credit Card Interest Rate?
First you have to prove that you are valuable, profitable and not risky. If you have always pay off balances monthly and good credit history then it is clear that you are reliable one otherwise its quite hard. You can get a free credit score & report from AnnualCreditReport or Smart Credit Report.
Then go to your card issuer office directly or call them and negotiate smartly not like this image!
Card issuer and You!!
Mind it, how much your interest or APR will reduce its totally depend on your conversation, how much you will convince them. Hope you will successfully lower your interest rate.
Tip: Sometime the customer representative is not being cooperative then negotiate with higher level until you get what you want. Best of luck.
Next part: Low Interest Credit Card is Now Worthless!
Back To: Low Interest Rate Credit Card Series.
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it is very useful!
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