What Is The Best Way To Get Credit Card Companies To Reduce Your Interest Rate?
We have several high-interest credit cards, and are trying to recover from several bad financial years. However, the high rate on our credit cards make it hard to cover anything but the minimum payment. Thank you for any light you can shine on this problem.
3 Answers - Sort by: Date | Rating
The best way is to always pay on time . Also do not pay the whole debt off too quickly because then the credit card company does not make much $ from you.There is always negotiation with the card companies too this usually works , I have cut my debt in half just by talking to them.
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If you have paid regularly and timely for awhile, over 6 months or so, simply call them and ask them if they can lower your rate. If they offer a lower rate, then, ask Is This the best you can do? Worked for me.....good luck
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Pay all of your bills on time. Don't miss any payments. Try to work on any outstanding debts. You may want to look into speaking with a credit card counseling company.
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