Great Pointers on How You Should Get Lower Credit Card Interest Rates
your customer service hotline and ask the lowest rate they can offer you at this time. Try to read further so you will know just how you can do this.
Before calling your customer service hotline to ask for lower credit card interest rates, try to check out your payment history to gauge your standing with the company. If you are used to being late on your payments or may have missed a few payments in the past, chances are, you wouldn’t be able to negotiate much. Consistency in payment will definitely give you some leverage with these credit card companies as you try to ask for better interest rates in the future.
Don’t get easily swayed by introductory offers. What you want are the best and the lowest possible fixed rate that the company can give you.
Try to also check out the prime rate all over the country before you make that call. This is important because you can use this as a benchmark for your negotiations with the bank. Being an educated customer, you can at least use this prime rate as a starting point when you try to negotiate for better interest rates with your current credit card companies.
Attacking your customer service agent is never the solution to you high interest rate problems. Speak with a mild voice that still commands respect and assurance that you know what your rights are. Be eloquent when you are explaining your side to the agent handling your concern. Remember that you are talking to a human being also and not to a machine.
Do not blow off steam by using unnecessary threats in the duration of your conversation. Do not threaten to shut your card down and transfer to another company without exactly having another offer from another bank. And when you have decided to transfer, then it is best for you to close your credit card, pay off the remaining debt and move on to the better offer.
Always be reminded that you have the option to negotiate your way into lower interest rates on your credit card. It is amazing just how money you can save in the future.
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