How do i get my credit card company to lower my APR?

Answer 1

I've done this a few times, actually. I simply call up the bank that the credit card it through and ask to speak to a supervisor. Once I get a supervisor on the phone, I begin to say how long I've been a customer - point out the fact that my card is always paid off and that I started out with a low interest rate. Then I begin to say how they've "upped it on me before" and that I had to get it reduced then. All the sudden it's climbed back up again. I am not happy and obviously not a valued customer and hope to give them a chance to redeem themselves. Usually a day later I'll get a call back saying they have reviewed my information and have lowered it back down again (up to 4%!). It doesn't hurt to ask. If you get somebody who is not helpful, speak to a supervisor. If that doesn't work, call back in again and get someone else. Good luck!

Answer 2

The best thing you can do-- is call and ask. Talk to a representative and ask them to lower your APR. Give them a reason (ie: you've had an account for XX years, you're credit situation has improved, your income has increased, etc). If that doesn't work, talk to a manager and explain your situation. If all else fails, mention that you've received another offer-- or that you'll be looking for a new one if they can't help you.

If you still have no luck-- you might want to consider actually looking at other credit cards. It can't hurt to see what else is out there. You might even be able to find a 0% APR offer and transfer your existing credit card debt (from your old card) and pay no interest for 12 months or more. Look here to find a complete list of balance transfer deals:

http://www.asapcreditcard.com/0-apr.html

Hope this helps. GOOD LUCK!

Answer 3

it takes the credit reporting agencies 30-90 days to update their records. The best way to increase your credit score is pull a copy of your credit report it doesn't affect the score when you're the one pulling the report and close any accounts you no longer use, the credit reporting agencies look at this as available debt. Also on the credit cards you do keep make sure the balance you carry is never more then 50% of whatever the credit limit is. By doing this you'll stand a better chance of getting your APR lowered. Have you asked for a Rate Specialist & found out what they had to say?

Answer 4

Call your credit card and as them to lower your apr.
If they can't, you can get another card from somewhere else that is cheaper and move the ballance over to the new card. Basicly you will be paying one credit card bill with a credit card, but it will save you a little money. Make sure to cancel the unused credit card, though, or you will end up with two full credit cards before you know it!

Answer 5

definite they might decrease your apr tell them u understand your credit qualifies for a particular alleviation maximum will decrease apr in the event that they dont tell them you would be doing a stability pass with yet another enterprise. maximum stability transfers are for 6 to twelve mos. and at 0 to 5 % . good success i basically transfered 2 playing cards even regardless of the undeniable fact that my playing cards did decrease my apr (no longer adequate) p.s. do no longer close bills this is going to harm your score

Answer 6

Have you received any offers from other card companies recently? With the best competing offer you can find in hand (literally in your hand), call the customer service number on the card. Read them the offer and state you are considering transferring your balance. Ask if they can match of beat the offer. If they can't/won't, take the competing offer.

Answer 7

If your history with them is good, and you are good on all your other accounts on your creditm report, simply send them a letter, saying I've been a good customer, my record proves it, I want a lower rate, or I'll walk (to another c/c company).

Answer 8

call them. it normally works they dont want you to find others that will lower your apr. but dont expect a dig change, but ever bit helps.

Answer 9

All you have to do is call them and ask them.

Answer 10

I have a sure way. call to discuss 678-613-8260