Luckily, ridiculously high-interest ratesdon't have to be part of your credit card experience. It's possible to negotiate to get a lower interest rate if you know whom to talk to and what strings to pull. If you can do a little bit of work to get inside your credit card company's ...
How to negotiate a lower interest rate The majority of credit card issuers compound interest on a daily basis, meaning your balance can grow quickly. If your credit card balance is becoming unmanageable, you may be in a position to negotiate a lower rate. While it may seem intimidating to ...
A lower interest rate could result in substantial savings on your credit card debt.Getty Images Credit card interest rates have been on a steady climb over the past few years, withthe average credit card ratenow sitting at 22.76%, marking a record high. This upward trend can be attributed t...
A lower interest rate means more payments go toward bringing down your current balance so you can get out of debt quicker than if you were focused on paying off added interest.
So, will credit card companies lower your interest rate if you ask? It’s not guaranteed, but it can’t hurt. However, there is one tried-and-true method for avoiding credit card interest altogether: If you only make purchases you can afford to pay off — and you pay your credit card...
Existing Apple Card customers will be able to merge their Apple Card accounts if they have two cards, resulting in a higher shared credit limit with the lower APR of the two accounts. Apple Card Family launched in May, but merging accounts won't be available until July. How to Share Your...
___ years, and my account is in good standing. I like being a customer, and like my credit card. However, I feel that my APR is too high, considering my relationship with (name of issuer) and my credit situation. Are you someone who can help me lower my interest rate? (At this...
For those carrying a balance on a high-interest card month to month, you don't have to struggle with debt forever. Talk to your credit card issuer and ask them to lower your rate. If that doesn't work ask to downgrade to a lower interest rate card. If your credit has improved since...
You may also have a lower interest rate, because the higher your credit score, the less you seem like a risk to the bank.Employers may also conduct a background check before bringing you on board. An employer may want to understand how you handle credit, especially if your new job will...
We have multiple resources to help you gain a better understanding of credit card interest rates. If you’re interested in learning more, we recommend reading the following: What is a credit card APR? How to get a lower credit card interest rate ...