Most people don’t realize that their credit card rate is not fixed and they can work their way to get it lowered, provided they have maintained a good payment history.
There is so much competition between competing credit card issuers that you are actually in a position to take advantage of it. The last few years of low interest rates have also meant that consumers have cashed out enough home equity and kept away from consumer finance. This was not very favourable for the credit card industry and with ensuing competition, you hold sufficient leverage to push your interest rate down.
Some of the tactics that you need to employ include, telling the card issuer over a phone call that you have other credit card offers at much better interest rates. If the person at the other end of the call does not listen, ask for the supervisor. Once you reach the person, who has the decision making authority, you will in all probability be able to bulldoze your way through.
Click here to read how some people have had their interest rates slashed.
Your Comments
on Contactless makes strides
on Contactless makes strides
on Contactless makes strides
on Contactless makes strides
on Contactless makes strides
on Contactless makes strides
on Contactless makes strides
on Students should acquire credit cards
on Regulator’s laxity, consumer’s nightmare
on Be Careful Giving Out Credit Card Information