5+ Ways How To Get A Lower Interest Rate On Credit Card. Lower your interest rate by 2% each year. An improvement in your credit score is critical if you want to start reducing the apr you're being offered by lenders on credit card applications.
Apply for an introductory zero. Even if you don’t, don’t give up. If you're paying a lot of interest on your credit cards, it's worth exploring options to reduce the rate on your debt.
If You Have An Initial Rate Of 18%, They May Lower It To 12%.
Explain why you need a lower interest rate. Try again in a few months, because the company may be willing to offer an even lower interest rate. Even if you don’t, don’t give up.
Negotiate With Your Credit Card Company.
If you’re in a financial bind and need to reduce your interest charges or simply want to pay less interest on a purchase, there are six ways to lower your credit card interest rate. Apply for an introductory zero. Dial the phone number of your credit card company.
There’s Nothing In The Credit Card Agreement That Says The Company Has To Lower Your Rate, So Offering A Reason May Persuade Them.
This could save you a lot of money over the long term. Banks use their own internal risk assessment too. But this may depend on the current financial climate, how interest rates are doing.
Many People In Troubled Situations May Inquire About Closing Their Accounts Altogether Because It Is Too Expensive To Maintain.
Most credit card issuers will want to hang on to their best customers. Instead of lowering the rate on your current card, you could set yourself up for success in another way. Call and ask for a lower interest rate with these tips:
You Can Contact A Certified Credit Counselor At:
If you have a shaky history as a cardholder, it might be time to take a step back and work on making. The two ways of improving your credit score are: If you maintain good credit and a clean payment history you can often be granted a lower interest rate.