I heard that asking your credit card company for a better interest rate will go against you?

I have good credit. I want to get my credit card interest rate lowered. Right now it’s at 17.9%. I want ask for a better rate. As anyone successfully done this?

By | 2013-08-26T23:18:54+00:00 August 26th, 2013|Mortgages Home Loans Interest Rate|3 Comments

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  1. Doctor Deth August 27, 2013 at 12:53 AM - Reply

    you can ask – don’t expect to have any success – yous is a relatively low rate

    I had a card that I hadn’t even used in over a yr – zero balance, 29.9% rate – all they would lower it was 4% – I told them to forget it – I closed the acct – I had other credit cards – didn’t make any sense to ever use it with that high an int rate

  2. Common Sense August 27, 2013 at 12:21 AM - Reply

    Yuu can ask, but it won’t happen. And no, it won’t go against you.

  3. Judy August 27, 2013 at 12:02 AM - Reply

    Do you know what is really hurting your credit?
    Carrying balances and paying interest.

    47% of Americans pay their credit cards in full each month.
    These are the ones that hold the top credit scores.
    It is 100% myth that carrying balances is good for you.
    If you pay in full each month – you never pay interest and therefore never have to worry about interest rates.

    Asking for a lower rate will not hurt your credit rating.
    But, if your balance is more than 30% of your available credit limits, your score is reduced.
    Chances are that with high balances they will not lower your interest – you are a risk to them.

    Keep in mind that employers check, so do landlords and car insurance companies.
    Stop fouling up your life by carrying balances.
    Use your card for something you need like food or gas and pay in full each month.

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