How do I get a lower interest rate on a current credit card?

I have heard that you as a consumer can negotiate with credit card companies to reduce interest rate so that you can get them paid off. How do I go about that?|||You call the company that gave you the credit card and ask them to reduce the interest rate. If they say no, tell them that you are going to think about closing the card and see if they will then lower the interest.|||One way is to do a balance transfer to another credit card company which offers a lower rate of interest. Usually when you do a balance transfer you don鈥檛 have to pay a balance transfer fee and at times you may get a zero percent rate of interest for certain number of months. The next time you receive a telemarketing call from a credit card company ask them if they have this offer to do a balance transfer.


For negotiating with your existing credit card company you will need the services of debt consolidation companies.|||You need to call them. They are usually willing to negotiate if you have a proven history of paying your card on time.





Or you can transfer the balance to a new card with a lower interest rate and close out the account with the higher rate and get rid of the card.|||Very simple - call them. Call them and explain to them that you are a good customer, pay your bills on time, and that you would like a lower rate, or if not, then you will have to consider transferring what balance to another card that is offering a better rate - this usually always works.|||Call up the bank and ask them for it. 80% of the time, they claim no, but if your credit is good enough to get a balance xfer, tell them this, and see if they'll negotiate. Banks hate to lose good charging customers so they can charge fees. LOL.|||call em up and tell them if you can lower the intrest rate|||http://www.ratemykitten.com/|||The best thing to do is call the credit card company - talk to them say you want a lower interest rate because you got a offer from another credit card company at a much lower rate -- but you like dealing with them. If they don't lower your rate you can always get another credit card and transfer the balance from the old card to the new one. Ifound some great cards here








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Say hello to the newest Blue - BLUE CASH from American Express. With up to 5% cash back, no annual fee, and a range of intelligent benefits, it's the complete package. All in one Card. 5% Back on Gas, Up to 5% cash back on eligible purchases, No Annual Fee, 0% Introductory APR for 6 months.|||CALL THE CREDIT COMP. AND ASK THEM IF THEY WOULD BE ABLE TO LOWER YOU RATE.|||If you are a good paying customer, and have a good rating with this credit card, you can send them a letter reminding them that you are a good customer, and think you deserve a better rate. Remind them that you will be forced to look for a credit card with a better rate if they don't work with you on it.





If you are a not so great customer, you can send them a letter telling the credit card company that you are having trouble paying your bills and that you are overextended at the moment. You can ask them for a lower interest rate, or for them to not charge you an interest rate for a certain period of time so you can pay off your debt to them and avoid filing bankruptcy. Trust me, they don't want you to file bankruptcy, they will lose if you do.|||It all depends on your credit history and your payment history with the credit card company. You have very little chance to convince them to lower the interest rate, its basically impossible unless you have a very high outstanding balance with them ($5000+).|||max out yr cards|||Call the 1800 at the back of the card. Request customer service. They should put you in the correct direction.


Good Luck. Be persistent. They will try make this difficult for you. By law they have to negotiate it. But after that, make sure to make your monthly payments on time. If you don't. Expect your bills to rocket. Kind of a double edge sword.|||A balance transfer could work, but then you'll still have a bill with perhaps a high rate. You can actually call the company and request a lower rate. Often that really does work. Another thing is this: If you want/need a better credit score, you can request a higher balance limit--just be careful not to run the card up. But your balance-to-threshold ratio affects your credit score. FOr example, if your limit is 2000 and your balance is 1900, then your score will be negatively affected. But if your limit is 5000 and you owe 1900, it's cool.|||Speak to your credit card company. They will lend a sympathetic ear. Make it clear that you will transfer your balance if they do not lower your APR. You will be surprised but if your facts regarding the APR that you will get from another bank is correct, your credit card company will be willing to lower your APR.