Just wondering...have you got the call promising a lower interest rate on you Credit cards?

You get a pre recorded message saying you qualify for a lower rate, press one to find out more, then a rep with %26quot;card services%26quot; comes on the line asking for your card information to see if you qualify. If you have, did you go through with it? Did it work out well? Can they really get a lower rate on your cards? What are the hidden costs?

Just wondering...have you got the call promising a lower interest rate on you Credit cards?

I get these type offers all the time. Now, mostly by mail since I added my name to the nationwide %26quot;do-not-call%26quot; list to stop all the solicitation calls. These offers sound good, and often are zero rate for 6 months or a year, and offer that you can transfer your existing balance from your other card to the new one and it will also not earn any interest for a period of time. They%26#039;re a good deal IF you are going to be able to either pay off your entire debt at the time that the interest charges are going to kick in, or at least substantially reduce the amount you owe. Usually the rates on these cards go sky high after the initial period of time. Read the fine print very well, or ask the person on the phone questions about what the rate will be, and how it is computed and compounded.

Just wondering...have you got the call promising a lower interest rate on you Credit cards?

You are kidding, right? This is a SCAM to get your credit card information. Credit card companies NEVER need to ask for you account number, etc., since they already have that information!!!!!

My suggestion - never answer your phone again. :-/

Just wondering...have you got the call promising a lower interest rate on you Credit cards?

I would be weary of any service like that that contacts you without you first contacting them if you%26#039;re going to have to give out personal info, especially your SS# or credit card info, as you most likely will.

It could be a scam to get your personal info and possibly lead to identity theft.

My suggestion: If you have cards that you want to try to get lower rates on, you can simply call the customer service number on each credit card and request a lower interest rate (if you have been in good standing with them), lower available credit, etc.

Point: YOU should be contacting them regarding any accounts you have. Other people soliciting help to you out of the blue may just bring more harm than good.