How to lower your interest rate on a credit card – 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. 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.
You can negotiate a lower interest rate on your credit card by calling your credit card issuer particularly the issuer of the account you ve had the longest and requesting a reduction.
How to lower your interest rate on a credit card – While the issuer isn t guaranteed to say yes you re most likely to find success if you have a history of on time payments and your credit score is strong or has recently increased. Balance transfer cards may provide you an alternative for getting a lower interest rate on your current credit card debt. I ll share the results in this article. How to lower your interest rate on a credit card
I reached out to five major credit card companies to see if they would lower my interest rates. This may allow you to consolidate your existing balances from multiple cards onto a single new card. How to lower your interest rate on a credit card