Return to article: How to Get a Lower Interest Rate on a Credit Card
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!
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!
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.
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.
on 11/22/2008 The amount of leverage you have with the bank depends greatly on your credit score. I've been able to get my rate lowered just by presenting a competing card offer, but my credit score is good. With a lower credit score, sometimes the only options left is to just open a new card with a lower rate and try to transfer the balance without loosing too much money. I never settle for offers I get in the mail, I always do research. I site I often use is http://www.iCreditStore.com.
on 11/14/2008 ok am on this site so how do I lower the rates, This didnt help me.
on 11/14/2008 I called ask for my rate to be lowered for almost a year now this bank will not work with you. I talked with everyone, they sent me a new card and when I went to transfer the balance to the new card they said they cant do that but they sure can give you a new card. Barclays Bank is a rip off.
on 11/10/2008 Be careful about allowing too many creditor inquiries to your credit history as this can result in the lowering of your credit score! Each time you ask for a credit account, your credit history is being checked.
on 11/8/2007 my credit card company has raised my interest rate so high that it will be impossilble to ever pay it down .i have lots of credit because of my spotless payment history.and i use my credit for business purposses.but im scared that they will force me into ruining my credit .with their outrages interest rates. i have called them told them ask them why they would do such a thing to a good customer. they say your debt is to high your a risk my score 693 average risk . is there anything i can do
on 6/30/2006 I had a decent sized balance on one of my credit cards. I paid it off in one big payment. The next statement sent to me for the card informed me that I was being given a lower interest rate. I suppose they thought I was trying to get rid of the card and wanted to talk me out of it.
on 11/22/2005 When requesting card cancelation, I have been offered much lower rates and very low transfer rates with no fees to keep me as a cardholder.
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