Many Americans today are paying unnecessarily high interest rates, and carry their credit lines and trying to pay their debt. The hidden secret of all this is that often, if you're looking for the interest on your credit card to reduce the credit card companies are more than happy to oblige. What debt-ridden consumers often forget that the credit card industry is cutthroat and competitive, and that the credit card companies are in the business of trying to win over new customers and their competition to collect what is owed on behalf of creditors. For this reason, credit card companies are often more open than you think to work with a client that would otherwise be transferred into a credit card company that offers a lower interest rate to maintain. Learn from the experts how to lower your credit card interest and pay off your debt faster.
![Tricks to Reduce Your Credit Card Interest Rates With Your Banks]( "Tricks to Reduce Your Credit Card Interest Rates With Your Banks")
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Pick up the phone
The old adage applies here that if you do not ask the question , you will never know the answer. Various surveys show that consumers often more frequently than that , if a client requests a reduction in the rate of credit card should be granted such a reduction of at least 50 percent of the time , and . And often the reduction is significant , with consumers reporting drops in interest rates in the double digits . Although there are times when the credit card company may be reduced if you ask to speak to a manager , or just hang up and call back later to speak to a different customer service agent , you may find that " no" is changed to "yes " . Often , if a credit card company begins to believe that you are serious about canceling the card and transfer the amounts due on a credit card with a lower interest rate or offer zero interest balance transfer will move mountains to try to keep your business . At the end of the day , the customer service agents credit card score based on how many customers will keep , not how much they lose .Have a strategy
When you make the call , it may be useful to have a strategic position , and a new rate you have in mind . Some callers even use a scenario , explain why they want to reduce interest rates , because it is in the interest of the credit card company to give it to them , and what you intend to do if the application is rejected .Get a new card
If all else fails , the competitive credit card industry is always churning out new credit cards with new , attractive deals like zero interest balance transfer and a low introductory annual percentage rates (APRs). Before canceling your old card , especially if a balance remains , make sure you have a new card in place ready for use . Be careful not to apply for more than one credit card at a time, too many open credit applications can affect your credit score , and can make you look desperate and so attractive as a customer for future applications .credit card companies with low interest rates