Credit Card eZine - News and Articles about Credit Cards

Credit Card Deals with Lower Rates - Success Guaranteed!

2007-10-09

Low interest rates and fee-free credit card deals are in good demand these days. We are really indulged with the best credit card offers. And no words will describe our frustration with higher interest rates, especially when you are a loyal client of this or that credit card company. Some customers take it as a matter of course, for they think they are helpless to do anything about it. Meanwhile, the other persistent consumers are ready to negotiate better interest rates. And by the way, they succeed in lowering their interest rates. There's no secret in this procedure. Everyone can try this.

There's a cut-throat competition among credit card companies and to have long-term customers is their dearest dream. Loyal cardholders with bulging purses are the best ones. And if you consider yourself as a good customer, you have all the chances to achieve your aim, i.e. to have lower interest rates.

Interesting are the stories about slicing pretty high interest rates up to zero percent. That is a real bargain, isn't it? To negotiate a better credit card deal is not so problematic as you may think. You lose nothing for asking.

You may say:"Why on earth will they cut my interest rates? How is it possible?" Actually, it's not as hard as you expect. Communication is a key factor when you want to solve your credit problems. When you struggle with due dates or you are not satisfied with high interest rates, stick to your guns. Believe me, it works perfectly well!

First of all, phone your credit company and make sure they are aware of your loyalty. You may prove this with your regular payments and a good credit history. Most obviously they offer you acceptable interest rates.

Another factor that influences their decision is your intention to cancel your credit card. You may complain that the other companies have more favorable terms for you. Don't be too lazy and compare these high rates with the rates of the other companies. The representatives of your credit company will do their best to keep you as a customer, otherwise they will lose much money.

Some credit companies may offer you even more than you have asked for. For example, low interest rates coupled with zero percent balance transfer rates. However, some clients happen to get low interest rates by a strange quirk of fate.

The following story can encourage those who feel uncertain to negotiate better terms with credit issuers. George Ferrish, a long-term cardholder, decided to pay off the entire balance on one of his cards. "I made my mind to pay my balance off in one payment. As it was a pretty sum, they decided I was going to cancel the card and give me a low interest rate," says George.

Your request to cancel a credit card is a nightmare for credit issuers. If you are a valuable customer, they try to talk you out of it. And one of the possible ways to do that is lowering interest rates. The survey of American cardholders on this problem had striking results. More than half manage to score off better interest rates.

So, if you think that you are a cardholder with a good track record, all you need to do is to get in contact with your credit company and ask. Make it a rule to negotiate all credit problems with your credit company. This way, you are sure to have no problems!

When I decided to get lower interest rates on my card, I wasn't sure that I would get the positive answer. But having taken into account my excellent credit history, the bank cut my interest and now I enjoy the card with low APR. So, cooperate with your bank and you are surely to get the best credit offer.