Want to get my interest rate lowered on my credit cards?

I know I should say I got an offer in the mail with citibank etc should I say that they offered me 2.5 percent or my bank offered me 2.5 interest on credit card to transfer my balances?

Want to get my interest rate lowered on my credit cards?

I had two credit card companies that I pitted against each other.

One started with a 13.5% (Card1), the other 12.5% (Card 2. I called card 1 and told them I was going to make a balance transfer but wanted a lower rate, I said whoever gives me the lower rate gets the transfer.

They lowered to 7%. I then called Card 2 and told them the same thing. They lowered to 6.5%. I called Card 1 back and told them what my new offer was and they lowered to 0% for the life of the balance transfer.

Card 2 wasn%26#039;t willing to go lower than 6.5% so I told them they lost then transferred the balance to Card 1.

That company also increased my credit line and gave me 0% on my other remaining balance for the next three months.

Sorry, this was about eight years ago and I cannot remember who the companies were.

Be careful with low/no interest credit offers, a lot of times the interest rate may be low but it is usually for a set period of time. During that time the higher interest rate will still accrue and will be added if you do not pay off the balance within a certain period of time. This isn%26#039;t always the case but it is a good idea to read the fine print.

Want to get my interest rate lowered on my credit cards?

be careful with balance transfers, although the interest rate is lower, they usually charge a fee for transferring balances. usually you can call your credit card company and threaten to cancel your card and tell them you%26#039;re getting a lower rate with a competitor and they%26#039;ll offer to lower your rate to keep you as a customer.

Want to get my interest rate lowered on my credit cards?

Consumers have the power in credit card financing. You should never pay too high of a rate due to the ease in balance transfers.

However, some cards have language in the disclosures that do not allow you to transfer a balance once it has been transgerred to them.