Credit Card question.

[coolred]

I currentlly have 2 major credit cards, as well as to store credit cards. Only one holds a balance, but its about 3000.00. I am paying it off as quickly as I can, but am being charged 14.99% which equates to like 45.00 bucks a month right now. Over the past year or 2 they have increased my limit from 3000.00 to 4200.00 dollars, but I was wondering if you think they would offer a lower rate. I'm not sure how they think. I know they are out to make money, so i don't think they would lower my rate, since they would get less money. But what if I told them I could get a cheaper rate with a differant card? Even a couple of percent would save me 5-10 bucks a month. Just wondering if anyone has any info on how to go about this, or if I even should?

 

[boyRacer]

Maybe you should just get another card with 0% interest for awhile and transfer your balance there?

 

[Angrymarshmello]

Most people don't know that they can easily lower their rate by just asking to have it lowered. Push comes to shove you can claim that you got offered another CC that you can transfer to - 0% interest for the first 6 months or some crap and they might lower it to "keep you"

 

[dman]

Originally posted by: Angrymarshmello
Most people don't know that they can easily lower their rate by just asking to have it lowered. Push comes to shove you can claim that you got offered another CC that you can transfer to - 0% interest for the first 6 months or some crap and they might lower it to "keep you"

I've done this, a long time ago when I had a balance, and it worked. Also waived annual feel as well. No longer an issue, but it's doable--especially if you have good credit.

 

[Squisher]

You may generally ask to raise your credit limit and for them to lower your rates every 6 months.

 

[coolred]

Thanks everybody, I will give them a call.