what are the magic words that can turn 16% into 10%?
2007-01-14 02:10:02 · 3 answers · asked by patzky99 6 in Business & Finance ➔ Credit
Make your payments on time eventually you wont have to ask for a lower interest rate, they will offer it to you. when you get a very good rate, put the other cards debt on it, and pay it off at a lower rate, then you will build your credit even further, and you will be offered and even better rate.
2007-01-20 01:45:01 · answer #1 · answered by whatskrak 1 · 1⤊ 0⤋
First just ask. I have 3 cards right now and I just asked (after making a couple of on time payments and showing I was a good loyal customer). 2 of the 3 said yes without me having to grobble or beg. Conversation went like this: Me "I know this is an odd question but can I get a lower rate?" Them "Sure would 12% work for you?" . That simple. The last card I just mentioned that there were so many options open to me and I already had 2 cards so I asked them to cancel my account. After a very short hold they came back on and dropped my rate 7% right on the phone. So the short answer just ask and be prepared to ask to cancel the card, but 66% of the time it won't get to that.
2007-01-14 10:26:14 · answer #2 · answered by rdwoelfe 3 · 1⤊ 0⤋
tell them you've a loyal customer, always paid on time, got an offer in the mail for lower balance, don't want to move it really, can they lower the interest rate, if not move it.
2007-01-20 18:04:18 · answer #3 · answered by Debt Free! 5 · 0⤊ 0⤋