How to Get a Lower Rate on Your Credit Card
Author: want lower rate
Posted: Tue Jul 20, 2004 10:01 pm
Post subject: How to Get a Lower Rate on Your Credit Card
10/17/2001 9:10 pm CDT
Hi,
I need help on exactly what to say to get my interest rate lowered. I owe about $2000 to discovercard, they're charging me 18%. I make payments on time, usually over the minimum. What is the best "line" or story to get them to lower my rate, please help! Thanks!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
author: mouse
Posted: Tue Jul 20, 2004 10:02 pm
Post subject: How to Get a Lower Rate on Your Credit Card
10/17/2001 10:34 pm CDT
Don't waste your breath (they won't do it).
Balance transfer your Discovercard balance to another card.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: ira stoller
Posted: Tue Jul 20, 2004 10:02 pm
Post subject: How to Get a Lower Rate on Your Credit Card
10/17/2001 11:10 pm CDT
There are two ways, both of which are just about the same. First, apply for a card with a low introductory rate on balance transfers. For instance, if you qualify, Citibank is offering zero percent for 12 months, or at least they were several weeks ago. Obviously, when you get the new card, transfer the balance from Discover. Part 2 may and may not work, but there's no harm in trying. Once you find an offer that you like, call Discover and tell them that you've got this great offer from XYZ Credit Cards and you're thinking seriously of getting that card to lower your cost of borrowing. Is there anything they can do to match the offer so that you can stay with them. They'll probably say no, but like I said, it never hurts to try. I've played this silly game several times. Some banks will lower your rate. The idea is to leverage the offers against your current card.
Author: want lower rate
Posted: Tue Jul 20, 2004 10:05 pm
Post subject: How to Get a Lower Rate on Your Credit Card
10/18/2001 0:56 am CDT
I dont really want anymore cards, I already have more than I can handle. You think I could pull a bluff and just say I want to close my account because the rate is too high? Or simply say I received another credit card and will transfer the balance unless I can get a lower rate?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Tue Jul 20, 2004 10:01 pm
Post subject: How to Get a Lower Rate on Your Credit Card
10/17/2001 9:10 pm CDT
Hi,
I need help on exactly what to say to get my interest rate lowered. I owe about $2000 to discovercard, they're charging me 18%. I make payments on time, usually over the minimum. What is the best "line" or story to get them to lower my rate, please help! Thanks!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
author: mouse
Posted: Tue Jul 20, 2004 10:02 pm
Post subject: How to Get a Lower Rate on Your Credit Card
10/17/2001 10:34 pm CDT
Don't waste your breath (they won't do it).
Balance transfer your Discovercard balance to another card.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: ira stoller
Posted: Tue Jul 20, 2004 10:02 pm
Post subject: How to Get a Lower Rate on Your Credit Card
10/17/2001 11:10 pm CDT
There are two ways, both of which are just about the same. First, apply for a card with a low introductory rate on balance transfers. For instance, if you qualify, Citibank is offering zero percent for 12 months, or at least they were several weeks ago. Obviously, when you get the new card, transfer the balance from Discover. Part 2 may and may not work, but there's no harm in trying. Once you find an offer that you like, call Discover and tell them that you've got this great offer from XYZ Credit Cards and you're thinking seriously of getting that card to lower your cost of borrowing. Is there anything they can do to match the offer so that you can stay with them. They'll probably say no, but like I said, it never hurts to try. I've played this silly game several times. Some banks will lower your rate. The idea is to leverage the offers against your current card.
Author: want lower rate
Posted: Tue Jul 20, 2004 10:05 pm
Post subject: How to Get a Lower Rate on Your Credit Card
10/18/2001 0:56 am CDT
I dont really want anymore cards, I already have more than I can handle. You think I could pull a bluff and just say I want to close my account because the rate is too high? Or simply say I received another credit card and will transfer the balance unless I can get a lower rate?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 6:11 PM
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