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Trying to reduce interest on credit cards

2 replies 101 views
razor1981razor1981 Forumite
8 posts
Eighth Anniversary Combo Breaker First Post
MoneySaving Newbie
Is there a certain template or email that should be used when approaching a bank to reduce credit card interest for a period of time?
Also by asking them for a reduction what implications are there for a) Asking b) Getting?

Replies

  • edited 8 April at 10:37AM
    zx81zx81 Forumite
    27.7K posts
    Tenth Anniversary 10,000 Posts Photogenic Name Dropper
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    edited 8 April at 10:37AM
    Just call or message them and ask them. 

    You can ask for a payment holiday which under current rules should have little impact on your files, or something more ongoing, which will appear on your files and make future borrowing more difficult.
  • alfred64alfred64 Forumite
    5K posts
    Part of the Furniture 1,000 Posts
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    However, a payment holiday does not mean that the interest also takes a holiday.
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