From the article: How To Negotiate A Lower Credit Card Interest Rate
Sometimes credit card issuers play hardball when it comes to lowering an interest rate. Have you talked your way into a lower rate? Tell us how. Share Your Tips
Lower credit rate citibank
- I got the citibank card with 0% interest. I paid late 1 month by 1 day and it jumped to 25%. They would not lower the interest for 2 months. I didn't have autopay on. Once autopay was working, i convinced them that my payments would not be late again. They lowered my rate back down to 0%.
- —Guest Temo
Rate Negotiations
- My rate went from 9.99% to 14.99% in April with BofA. I have a 780 credit score so I know they were unjustified. I was just able to renogtiate back down to 9.99% again by
- —Guest Marijke
I HATE BOfA - Credit Card Schemes
- I recently (6/26/09) received a letter dated June 2009 indicating that as of May 31, 2009 my interest rate was changing from 19.99% fixed to 19.99% VARIABLE. The letter did not indicate that the change could be rejected or that I could opt-out. When If first got the card it was through MBNA w/ a 5.99% fixed APR. But earlier this year (2009) they decided to raise it to 19.99% because I didn't pay my balance in full and paid late 6 months before. Meanwhile I've had the card for 5 years and have a history of making multiple payments each month and paying more than my minimum balance. So anyway, I called them up and told them it was unacceptable. The 1st representative actually told me, "Miss I'm telling you right now, your APR will not be lowered." I'm sure you can tell she was upset with me. The 2nd rep from the Credit department was able to lower it 5 digits after I complained and explained my credit history. He claimed all BOA credit card APR are now variable.
- —Guest Mad as Hell
BOA Using your call against you!!
- I called to ask them to please get their hand a "not so deep in my pocket". 1 week later I had received notification in the mail that BOTH of my accounts were closed. Get a loan, or pay cash!!! (the later is better). For some reason (congress??) they have you by the balls! I had a lawyer tell me that even the majority of them don't know what is in the "contract". CITI is a real pain in the butt too. SNEAKY too!! they said they sent an opt-out letter in the regular bill. I don't read the bill, as everything is paid online through the bank. Sorry sir, nothing we can do! Pay in cash!
- —Guest Rob
