How to Possibly Lower Your Credit Card Interest Rate
What to do
- Get your latest credit card bill. Note down your card’s current interest rate and your credit card company’s customer service number.
- Visit LowerMyBills.com Credit Card Page and find a credit card with a lower interest rate. Note the card’s name and interest rate.
- Visit Oprah’s Debt Diet Lower Your Interest Rate Page. Download and read the script provided. Then call your credit card’s customer service number and follow the script to see if you can negotiate a lower rate on your current credit card. If you are asked which card you are thinking of transfering your balance to, give them the name and rate of the card you found from lowermybills.com.
A little more
If you have a high credit card interest rate, consider negotiating with the credit card company to bring the rate down. It might not work, but it definitely WON’T work if you DON’T try.
Oprah.com has put up a great script you can follow when trying to negotiate your credit card rate down. Follow the script the site provides, and see if your credit card company will lower your credit card rates. You can save a lot of money by simply reducing your credit card interest rates by a couple percentage points a month.
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