How To Ask For A Lower Interest Rate?

Can you ask your credit card company for a lower interest rate?

Call your issuer and ask for a lower rate

The lower your rate, the less interest will get added to your balance every month.

That means it’ll cost less money to pay off your debt in total—and you’ll be able to pay off your debt more quickly.

So call your credit card issuer and ask if they can lower your interest rate.

How do you negotiate a lower interest rate?

How to negotiate a lower credit card interest rate

  • Evaluate your current situation.
  • Build your credit first if you need to.
  • Find competing credit card offers.
  • Understand the credit card company’s perspective.
  • Call and make your request.
  • Don’t be afraid to negotiate again in the future.
  • Negotiations not working?

Can you negotiate APR on credit cards?

Negotiate Your Interest Rate

If you’re not interested in any of the card company’s promotional offers and just want to lower your APR, let the customer service representative know. Make sure to reiterate that you’re considering switching to a balance transfer card if your current APR isn’t lowered.

Will Amex lower my interest rate?

An American Express card with a 0% interest rate allows you to transfer high interest credit account debts and pay off the balance interest free during the introductory period. You can also finance big-ticket purchases for several months without the costly interest charges.