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I have heard this can be done
KazF
Posts: 5 Forumite
in Credit cards
I have heard that instead of transfering balance to a new card it is possible to call up existing company and see if they will reduce the interest rate.
Am I right in saying this?
KazF
Am I right in saying this?
KazF
0
Comments
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Nothing to lose by asking
Though its probably better to transfer away, and then call them up and ask if they are going to offer anything before you close the card down.0 -
In my experience, if you pay up and don't use the card at all, the Bank themselves get in touch with you with a lower interest rate offer - has happened twice in my case, where they came back with a 1.9% BT offer - of course I gladly accepted ;DIt's always the grass that suffers, irrespective of whether the elephants are fighting or making love !!!0
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IGNORE - eric is replying to OLD posts.0
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The poster erickCvice has been reported to abuse. Please ignore his posts.I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.0
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