How to get a lower interest rate on credit cards – You should be polite when asking for an interest rate change. To get a lower interest rate on your credit cards follow the steps below.
For credit card consumers looking to further cut credit card debt or get on the debt reduction bandwagon one way forward is to negotiate card interest rates with credit card providers.
How to get a lower interest rate on credit cards – Then don t use the card for purchases. You may want to mention your good payment history your loyalty to the company or a high credit score if you have one. This may allow you to consolidate your existing balances from multiple cards onto a single new card. How to get a lower interest rate on credit cards
If you re concerned about the possibility of carrying a credit card balance during the coronavirus pandemic you may be able to lower your interest rates by contacting your card issuers right now. Balance transfer cards may provide you an alternative for getting a lower interest rate on your current credit card debt. If lowering your interest rate is your main concern look for a card that offers a balance transfer deal for new customers which would allow you to move your balance from your current credit card. How to get a lower interest rate on credit cards
Before you approach your card issuers to ask for lower interest rates you ll want to take stock of the rates you re currently paying. Instead you should work out how much you have to pay each month so you completely pay off your transferred balance before the zero or lower interest rate period ends. That s why it may be a good idea to get your interest rates lowered if you can. How to get a lower interest rate on credit cards
I reached out to five major credit card companies to see if they would lower my interest rates. Apply for a balance transfer credit card with a zero or low interest promotional period. Ask to have the card interest rate lowered once you are connected with a representative this is the time to begin negotiating your rate. How to get a lower interest rate on credit cards
Consider a balance transfer credit card instead. Take stock of your situation. How to get a lower interest rate on credit cards