Does Barclays decrease interest rates?

[Red1Blue]

I got the JetBlue card from Barclays but the interest rate is very high. Can we ask for the reduced interest after a period of time having the card? Does Barclays consider this kind of requests? I dont want to pay high interest rates.

[grillandwinemaster]

Yes, they do consider Apr reductions.

[Red1Blue]

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@grillandwinemaster wrote:

Yes, they do consider Apr reductions.

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Thanks for the reply. How long we have to wait before we ask for the reduction? Do they hard inq for reducing the interest rates?

[Anonymous]

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@Red1Blue wrote:

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@grillandwinemaster wrote:

Yes, they do consider Apr reductions.

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Thanks for the reply. How long we have to wait before we ask for the reduction? Do they hard inq for reducing the interest rates?

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I was able to get one at the 4 or 5 month mark. It was not a hard pull.

[Anonymous]

Received two 1% reductions followed by a 4% reduction on my former Barclay Sallie Mae MC spread over a year and at six months I received a $4,000 CLI on my Barclay Sallie Mae automatically generated by them (I did not request and it was not an HP)..

[Anonymous]

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@Red1Blue wrote:

I got the JetBlue card from Barclays but the interest rate is very high. Can we ask for the reduced interest after a period of time having the card? Does Barclays consider this kind of requests? I dont want to pay high interest rates.

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Yes just call in and ask if you have an offers for an APR reduction...good luck!!

[Anonymous]

Well they certainly have an established track record of reducing credit limits.

[SecretAzure]

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@Red1Blue wrote:

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@grillandwinemaster wrote:

Yes, they do consider Apr reductions.

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Thanks for the reply. How long we have to wait before we ask for the reduction? Do they hard inq for reducing the interest rates?

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Check out my thread about this topic.

http://ficoforums.myfico.com/t5/Credit-Card-Applications/The-BarclayCard-CLI-Soft-Pull-thread/td-p/3...