Things You'll Need:
- Fax Machines
- Telephones
- File Cabinets
- Internet Access
- Credit Cards And Loans
- Credit Counseling Services
- Credit Reports
- Small Business Credit Cards
- Hanging Files
- Manila File Folders
- Computers
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Step 1
Call institutions at which you have existing credit card accounts. Ask them to convert your account to the lowest available rate. Ask them to consider your payment history and longtime customer relationship.
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Step 2
Search for a company with better rates if your existing credit card company cannot satisfy your request. Look for solicitations in the mail or contact local banks. You can even contact either Visa or MasterCard and ask for a list of preferred issuers.
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Step 3
Contact companies in which you are interested and ask for an application. Inquire whether you can send an application by phone, fax or Internet.
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Step 4
Once you complete and return the application, you should have an answer within 10 business days. Call if you haven't heard anything.
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Step 5
If your request is denied, the company is required to give you an explanation in writing. You are also entitled to a free copy of your credit report. Your denial letter should explain how you can obtain this. If it does not, contact the credit card company directly and ask for assistance.








Comments
creditmaster said
on 10/1/2009 http://www.bestcreditcard.googlepages.com
Credit card offer from Bank of America
0% Balance transfer for 15 months
No annual fee
Standard APR: 8.24% – 18.24%
or
If you’d rather apply by phone, just call 866-438-6262
Priority code: UAAJVY
IBO reference number: 5549488
Citizen:Yes
angelicbrat07 said
on 5/8/2009 I recieved credit counseling through this one website www.freerateupdate.com They lowered my rate without even hurting my credit score! Hope this helps!
angelicbrat07 said
on 5/8/2009 I recieved credit counseling through this one website www.freerateupdate.com/**** They lowered my rate without even hurting my credit score!
rkworthy said
on 12/6/2008 If you want more help with Step 1 in the article (ie. calling the credit card companies), I found this article to also be helpful: http://www.brighthub.com/money/personal-finance/articles/17952.aspx
I used those techniques and had one credit card go from 29.99% interest to 9.99% interest. It does help, though, it have a good credit rating.
mathez said
on 11/22/2008 If your credit score is high (750+), you can ask the bank to lower the rate, or increase your limit, and they'll do it, especially if you come with them with a competitor bank's credit card offer. I've done this successfully before. If you have a low score, you should try asking the bank, but they'll probably just say no. In this case you need to apply for a lower APR credit card. Don't settle on the offers you get in the mail, do online research! There are tons of sites out there, one that I've been using is http://www.iCreditStore.com.