Episode 88 - How to Negotiate Credit Card Interest Rates and Save Thousands
Автор: Personal Finance Cat
Загружено: 2025-11-15
Просмотров: 4
Summary:
In this episode, I talk about how negotiating your credit card interest rate can save you thousands of dollars—and yes, it’s totally possible. If you’re carrying a balance, high interest makes it harder to get ahead. But with the right approach, you can lower your rate and pay off debt faster.
First, review your current credit card terms and credit score, then research market rates. That gives you a strong position.
Next, prepare a case: if you’ve made consistent on-time payments, improved your credit score, or received better offers from other issuers, use those as leverage.
Then it’s time to call your card issuer. Be polite, clear, and confident when you ask for a lower rate. If the first rep can’t help, ask for a supervisor—they often have more flexibility.
And if they still won’t budge, don’t give up! Consider transferring your balance to a 0% APR card or using a consolidation loan to reduce interest.
Even a small rate reduction adds up fast. So take a few minutes, make the call, and fight for your financial future.
You’ve got this—and your wallet will thank you.
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