No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
tonsers wrote:
I thought that 12.9% APR on my B of A VISA was a pretty good rate... till I started reading here and I think it might be too high!
I have had my B of A VISA for 5 years, have a CL of $23,400 (current balance just under 30%) and have never had a late payment. I've never had a late payment on any account. My most current FICO score on Equifax was 732 - highest was 762 when my VISA was paid off.
Should I ask for a lower rate? I've heard that mentioning that you will transfer your balance to another card may work - but I will not close this account as this is one of my oldest trade lines.
Thanks in advance!
Timothy wrote:I read a recent article that 40% of the time when a customer requests a lower APR - they get it-Almost all of my CC's are tied to prime- so as busy as the fed has been - just keeping MS money and my spreadsheet updated with APR's is tough=
I agree. It never hurts to ask. Sometimes rate availability changes on a monthly basis--so they may not be able to offer you a better rate this month, but a better APR might be available next month. Also, if they refuse, you might try to wait until your balance is a little lower. I've noticed that in the past, when I've negotiated better rates, discussions with CCCs went extemely well when I had a $0 balance.
cheddar wrote:
tonsers wrote:
I thought that 12.9% APR on my B of A VISA was a pretty good rate... till I started reading here and I think it might be too high!
I have had my B of A VISA for 5 years, have a CL of $23,400 (current balance just under 30%) and have never had a late payment. I've never had a late payment on any account. My most current FICO score on Equifax was 732 - highest was 762 when my VISA was paid off.
Should I ask for a lower rate? I've heard that mentioning that you will transfer your balance to another card may work - but I will not close this account as this is one of my oldest trade lines.
Thanks in advance!It never hurts to ask. Sometimes, though, the APR tiers are determined by the card itself, regardless of what your scores or history look like. Depending on which card it is, you may already have the lowest APR available for that particular product.Still, it never hurts to ask.
psychic wrote:I agree. It never hurts to ask. Sometimes rate availability changes on a monthly basis--so they may not be able to offer you a better rate this month, but a better APR might be available next month. Also, if they refuse, you might try to wait until your balance is a little lower. I've noticed that in the past, when I've negotiated better rates, discussions with CCCs went extemely well when I had a $0 balance.