Comments on: How do you get interest rates on credit cards lowered? http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/ Tue, 25 Oct 2011 06:01:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: brady ewart http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/comment-page-1/#comment-153 brady ewart Mon, 01 Sep 2008 09:41:29 +0000 http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/#comment-153 Credit card balance transfer is a process by which we can transfer our outstanding balances on a credit card (which are generally at high interest rates) to a low interest rate credit card. Balance transfer has some good advantages let us look at a few of them. Balance transfer is one of the best methods to get rid of that credit card debt. When you transfer balances all your outstanding balances are wiped out and transferred to new credit card. Depending on what deal you get on the balance transfers the new interest rates on transferred balances could be 0% or a low rate for a particular period. The ideal situation should be to get all the balances cleared within this low interest rate period. The repayment terms will also relax considerably as you transfer your balances. Credit card companies bundle a lot of exiting features with the balance transfer program, this could be a no annual fee offer and your favorite reward program. Read more from:
Credit card balance transfer is a process by which we can transfer our outstanding balances on a credit card (which are generally at high interest rates) to a low interest rate credit card.

Balance transfer has some good advantages let us look at a few of them.

Balance transfer is one of the best methods to get rid of that credit card debt. When you transfer balances all your outstanding balances are wiped out and transferred to new credit card.

Depending on what deal you get on the balance transfers the new interest rates on transferred balances could be 0% or a low rate for a particular period. The ideal situation should be to get all the balances cleared within this low interest rate period.

The repayment terms will also relax considerably as you transfer your balances.

Credit card companies bundle a lot of exiting features with the balance transfer program, this could be a no annual fee offer and your favorite reward program. Read more from:

]]> By: Joyce T http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/comment-page-1/#comment-152 Joyce T Sun, 31 Aug 2008 04:42:51 +0000 http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/#comment-152 Since you have above average credit, you can get other credit cards that offer low interest rate pretty easily. Citibank have some credit cards that have interest rates as low as 9.97%. You can also transfer your balance from your high interest rate store cards to your new citibank card which offers 0% intro apr for 12 months. Good luck.
Since you have above average credit, you can get other credit cards that offer low interest rate pretty easily. Citibank have some credit cards that have interest rates as low as 9.97%. You can also transfer your balance from your high interest rate store cards to your new citibank card which offers 0% intro apr for 12 months. Good luck.

]]> By: Stephanie C http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/comment-page-1/#comment-151 Stephanie C Sat, 30 Aug 2008 02:55:15 +0000 http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/#comment-151 You don't have to actually do a balance transfer, just tell your credit card company that you're going to when you call them. Also, I'm not sure how a balance transfer is a "trap" - I'm in the middle of doing one for my $1500 balance at 17% interest, and it's going to save me about $125 for the six months that I won't be charged interest. If I can manage to pay it all off during the 6 months, it will save me even more, not having to pay interest on that balance ever again.
You don’t have to actually do a balance transfer, just tell your credit card company that you’re going to when you call them. Also, I’m not sure how a balance transfer is a “trap” – I’m in the middle of doing one for my $1500 balance at 17% interest, and it’s going to save me about $125 for the six months that I won’t be charged interest. If I can manage to pay it all off during the 6 months, it will save me even more, not having to pay interest on that balance ever again.

]]> By: adam k http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/comment-page-1/#comment-150 adam k Tue, 26 Aug 2008 22:39:53 +0000 http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/#comment-150 Writing a letter always beats a phone call! Adress your letter to the president of the company (You don't need his name just say 'The presidents office'), tell him that you called his credit department on numerous occassions and couln't get a satisfactory answer. Tell him that you sincerely want to clear up your debt with his company but inspite of your best efforts you are falling further behind. Tell him that presently your're in a dead end situation and if he doesn't meet you half way by giving you a serious break on the interest rate you'll have to consider your options.If he doen't cooperate you might look into sending his stuff back and consider your debt closed. (I don't know how this would work) Your credit score is probably already low so you why not consider bankrupcy. You should read up on it on the internet so you'll know what your options are and how to go about it. I
Writing a letter always beats a phone call! Adress your letter to the president of the company (You don’t need his name just say ‘The presidents office’), tell him that you called his credit department on numerous occassions and couln’t get a satisfactory answer.
Tell him that you sincerely want to clear up your debt with his company but inspite of your best efforts you are falling further behind. Tell him that presently your’re in a dead end situation and if he doesn’t meet you half way by giving you a serious break on the interest rate you’ll have to consider your options.If he doen’t cooperate you might look into sending his stuff back and consider your debt closed. (I don’t know how this would work)
Your credit score is probably already low so you why not consider bankrupcy. You should read up on it on the internet so you’ll know what your options are and how to go about it. I

]]> By: dmgoldsbo7 http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/comment-page-1/#comment-149 dmgoldsbo7 Sun, 24 Aug 2008 18:30:19 +0000 http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/#comment-149 Tell them you want to cancel your card, when they ask you why tell the interest rate is to high and you got a better deal somewhere else. Credit card companies don't want to lose your business, they want you to be in debt to them so if you tell them you are going to cancel usually they will come up with a deal for you to stay.
Tell them you want to cancel your card, when they ask you why tell the interest rate is to high and you got a better deal somewhere else. Credit card companies don’t want to lose your business, they want you to be in debt to them so if you tell them you are going to cancel usually they will come up with a deal for you to stay.

]]> By: cbmttek http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/comment-page-1/#comment-148 cbmttek Fri, 22 Aug 2008 20:38:44 +0000 http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/#comment-148 Believe me, the credit companies would rather get you to pay less interest then send the debt to a collector. I recommend that you continue to call the companies, and when you get a no answer, ask to talk to their supervisor. Explain to the supervisor that you are having trouble paying the card and ask what they can do to help. If the answer remains no, continue to pay the card as required, and try again in a month or two. Also, I highly recommend that you avoid the debt counseling places you see on TV. They take your money, and they do nothing that you cannot do yourself.
Believe me, the credit companies would rather get you to pay less interest then send the debt to a collector. I recommend that you continue to call the companies, and when you get a no answer, ask to talk to their supervisor.

Explain to the supervisor that you are having trouble paying the card and ask what they can do to help. If the answer remains no, continue to pay the card as required, and try again in a month or two.

Also, I highly recommend that you avoid the debt counseling places you see on TV. They take your money, and they do nothing that you cannot do yourself.

]]> By: Lewis S http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/comment-page-1/#comment-147 Lewis S Wed, 20 Aug 2008 10:42:31 +0000 http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/#comment-147 How is a balance transfer a trap? A consolidation via balance transfer may be the better option. However, you may fare even better by paying off those credit cards with the equity in your home. That will save you a tremendous amount in finance charges. If you are not receiving offers, it's probably because your credit scores are deteriorating. Lewis
How is a balance transfer a trap? A consolidation via balance transfer may be the better option. However, you may fare even better by paying off those credit cards with the equity in your home. That will save you a tremendous amount in finance charges. If you are not receiving offers, it’s probably because your credit scores are deteriorating.

Lewis

]]> By: sexystickfigures http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/comment-page-1/#comment-146 sexystickfigures Sun, 17 Aug 2008 11:12:58 +0000 http://creditopics.com/creditbuzz/credit/how-do-you-get-interest-rates-on-credit-cards-lowered/#comment-146 ask them again. and again. until they work out a deal with you.
ask them again.
and again.
until they work out a deal with you.

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