How to Lower Your Credit Card Rate

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I called the credit card company and told them exactly as you recommend and - lo and behold - the interest got reduced from 19% to 5.9%.

Great! Thank you for your suggestions. People should really try this. Nothing to loose.

Thanks again.

Z. Rizvi 6:56PM August 10, 2011

One of my credit cards went from 10% to 35%+ a few months ago - I noticed when my monthly payments went from $100 to $391 a month. Called customer service to ask for relief and the woman with whom I spoke treated me like I escaped from the mental ward. Might try asking for the supervisor. - Skip Daley, Boston MA

Skip Daley of MD 4:32PM February 07, 2009

They should be forced by the government to lower rates (19% maximum), fees, return to the 30 billing cycle, now. Give us a break. Begging for lower rate, how demeaning can you go. Write your representaive. Demand lower rate, fees, billing cycles.

The got us into this whole mess, begging is not an option! Bank are getting now, free tax dollars. Disgusting! If everyone in this country demanded these changes, we would get them. Let them beg for once

wallis Parnell of TX 10:21AM November 26, 2008

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Alpha Consumer

Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, is the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back. Send her your personal finance questions.


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