How to Lower a Credit Card Interest Rate

Lower your credit card interest rate. This article will give you some tips and guidelines on how to lower your credit card interest rate and save you tons of money!

Difficulty: Easy

Instructions

1. Research yourself and leverage your options.
   
   When talking about your interest rate with the credit card company or bank, let them know some positive aspects about you as a customer. Have you been a customer for an extended period of time? Is your credit rating pretty good? Do you make payments every month? These are good factors to bring in when discussing interest rates with your credit card company.

2. Look at your options.
   
   If another bank or credit card company is offering you a rate that is lower, call up your bank and ask them if they can match that credit card interest rate.

3. Look at the general market trends for the credit card rates and ask your bank to match that interest rate.

4. Look at the current offers for new customers from your existing bank or credit card and ask your bank to match that credit card interest rate.

5. Consider your options for transferring a balance to another credit card with a lower interest rate and let your bank know your intentions.

6. If all of these steps to lower your interest rate don't work, try again in 6 months! Just because it's a no right now, doesn't mean it's a no in 6 months.