Can you request a lower interest rate on your credit card?
September 26th, 2009 | by admin |ilovebobsaget2 asked:
I have a capital one and a chase credit card. I’ve had them for at least a year and i’ve never made a late payment on either. I do have balances on both and was wondering how and if i can request a lower interest rate?
ARIANE
6 Responses to “Can you request a lower interest rate on your credit card?”
By Sandy S on Sep 27, 2009 | Reply
You can always request but they can always say NO.
Good luck
By Jennifer on Sep 30, 2009 | Reply
It definitely does not hurt to ask but in this economy a lot of card companies are actually increasing APR’s.
Good Luck!
Jennifer
By mls on Oct 2, 2009 | Reply
ask. I know you can also request a certain credit line limit also. They can do that. Just as well as asking to increase your credit line
Good Luck!
By pai on Oct 4, 2009 | Reply
best way is to use a bebit card and forget the credit card. none stops u from making a request. banks are there to make money and not to look after yr interest. however good luck….
By bud68 on Oct 7, 2009 | Reply
You can, but don’t get your hopes up. The wind is blowing in the other direction right now.
By Jarrett E on Oct 8, 2009 | Reply
I don’t know what these people are talking about. Yes you can request it and yes they can. It depends on your standing with them and other creditors and your overall credit history. Personal experience tells me this. Earlier this year, about 3 months ago, I called one of my banks and requested they lower my rate. They did, cut it in half. It went into effect the next billing cycle. Then, about a month later I noticed that another one of my accounts had been lowered, automatically, also cut in half. I did not request this one be lowered, it just happened. I do not carry a balance, so it does not affect me, but it was still nice. It cannot hurt to ask, but they can say no. They will pull your credit and that will ding your score, but if you carry a balance then it is probably worth it.
Good luck…