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Mar 06

CC Interest Rate Adjustment Ltr

debit cardsHello All. Does anyone have a sample letter to send to CC companies about lowering the interest rate?

All you have to do is call them on the phone… I never send them letters , I call the customer service number directly.

If you have not been a stellar credit card customer in the past, they may not lower your credit card interest rate. It never hurts to ask.

Here is what I did this weekend, I CALLED my credit card company.

I told them that I have been getting many very attractive balance transfer offers from several other companies but wanted to give them a chance to see what they can do for me before I went through the headache. I did not throw rates at them, any reduction is a good thing.

They lowered my reate from 11.3 to 10.3 not bad for the first call and I will call again in 6 months and do the same thing.
And on top of the rate I had a special rate of 4.99 on some other balances that will go away ( thank goodness) next bill as i will have paid that portion off. Now it is time to rock the rest.

That’s great. It’s on my list of things to do this week.

thats definetly motivating….thanks!