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| How to Low a Credit Card Rate |  If you want to make your credit card lower – just make a call. A short phone call to your credit card issuer would probably save you hundreds of dollars. Some consumer advocates tell that there is no any motivation for banks to lower your rate, without your call. In case you still doubt that your credit card company will change your interest rate, check out the results of a research carried out by the U.S. Public Interest Research Group. 56 % of those who has called the credit card issuers and asked to decrease their credit cards rates got its lowering. Do you want to know how low it gets? Annual Percentage Rate on their cards went from average of 16% down to 11%. Some cardholders saw their APRs reduced to zero for seven month. And it was below all doubt great deals! Card issuers turn to be so willing to cut their customers interest rates in case of need due to tough growing competition in the credit card industry. Card companies want to hang on obedient clients, otherwise the will have to spend hundred dollars to acquire a new customer. Besides that Federal Reserve System cuts interest rates so makes it’s easier for credit card companies to make rate cuts for their customers, as its getting cheaper to borrow money they lend to customers.
If you don’t have any wish to call to issuer than start with writing a letter. “Hello. My name is… . I am a dutiful customer. For some time passed I received a couple of offers posted to my mail by other credit card companies. They suggested me their new programs with lower APRs. I want a lower rate on my card or I will be forced to accept one of their offers.” It is important to be persistence, it is really paid.
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