how can i lower my a.p.r.on my credit card?

Question

my credit card company wont help me out on this..

Answer 1

APRs only matter if you are not paying off your credit cards...you really should cut them up if they are causing trouble...not highly recommended, but you could apply for another credit card, as long as you don't have too many and get a lower APR to transfer your balance...this will hurt your credit if you do it too amny times, so only if you know you can handle it...

Answer 2

Call the credit card company and ask for a lower rate - it will work more often than you'd think.

Another option is to get a new card with a low rate and use it to pay off your old cards. Most of the time the new card's rate is temporary - an intorductory rate - but as long as you keep on top of it, you can have the lower rate for a while, and even repeat the process when the intro rate runs out.

If you own a home or some other big peice of collateral, it's a good idea to take out a loan against that and pay your credit cards - pay off the high-interest debt with low-interest debt.

Good luck

Answer 3

You can often get a lower APR by simply asking. You want to be a good customer — each institution has a way to rate you as a customer, the higher the score the better. To keep your score high, pay on time. Stay within your credit limit. Use your card at least occasionally. You need not carry a balance but an active account is crucial.

Here is a good article on how you can get the best rates on your current credit cards.
http://badcreditresources.com/how-to-get-the-best-credit-card-rates.html

Answer 4

Pay your bills on time, or ahead of time.

Pay more than the card's minimum payment amount - much, much more, like 10 times the minimum, or even 20 times.

Pay all of your bills on time - mortgage or rent, car loan, student loan, utilities, medical.

All of this will boost your credit rating, and make you more credit-worthy in the card company's eyes. You can then either ask them to drop your interest rate, or move to a card that offers a better rate. It will take time to do this - at least a year, maybe 2-3, depending on how much you owe, and how much you can pay.