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Getting your interest rate lowered
MylesBetter
Posts: 410 Forumite
in Credit cards
How do you get a credit card company to lower your interest rate?
When I phone up it seems to be a different department and they are not available 24 hours a day.
They put it up readily enough but getting to someone to request a lower rate seems impossible.
When I phone up it seems to be a different department and they are not available 24 hours a day.
They put it up readily enough but getting to someone to request a lower rate seems impossible.
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Comments
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MylesBetter wrote: »How do you get a credit card company to lower your interest rate?
When I phone up it seems to be a different department and they are not available 24 hours a day.
They put it up readily enough but getting to someone to request a lower rate seems impossible.
Threaten to leave, if you are a valued customer they may be able to offer you something.Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
6 credit accounts closed in 2010!
Official SOS Club number 001 - Dry until 01.07.100 -
Your best bet is to apply for a 0% BT card.
Once the balance was cleared (courtesy of another credit card), you would be in a much stronger position to negotiate a lower interest rate
May I ask which credit card is involved?People who don't know their rights, don't actually have those rights.0 -
Virgin.
I only use it at present to get the 10% discount in First Class advance train fares.
But I do have a large limit of £12,500 on it.
Used it to make money before interest rates tumbled.0 -
I asked Barclaycard out right by secure message on Internet Banking and they reduced my rate. I simply said can I have a rate reduction please! :j0
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MylesBetter wrote: »Virgin. I only use it at present to get the 10% discount in First Class advance train fares, but I do have a large limit of £12,500 on it.
Try calling this number during normal business hours 0800 783 1116 People who don't know their rights, don't actually have those rights.0 -
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Simon_Preston wrote: »From what to what?
14.9% to 9.9 on Barclaycard Platinum.
I sent a secure message saying that I would like a rate reduction as I had noticed on the website that the typical rate for the platinum card had been reduced to 12.4% from 14.9.0 -
Last Saturdays Times on Pg75 had a Barclaycard VISA best purchase rate per annum of 6.8% which is better than virtually all loan rates.
This was for purchases not balance transfers or initial offer rate but their bog standard purchase rate.0
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