Lowering a Capital One CC Interest Rate??

[verve12]

Hi All, I'm new to this board.  I was wondering if anyone has had any success at getting Capital One to lower your interest rate?  My current rate is 15.9% and I am trying to dig myself outta about 23K on that card, but I am making no progress.   Any advice/pointers would be greatly appreciated!!

[RockinRay]

Why not just give them a call and ask? They might just help you out.

Never hurts to try.

Ray

[verve12]

Thanks Ray, ive tried calling a couple of times now this past year, and everytime they say there is nothing they can do for me, BUT they do tell me how great of a customer I am.   Maybe i've been too much of a pushover in the past, but lately I've toughed up my skin and plan on calling with a happy face and a guns a blazzin.  I was just wondering if anyone had much luck getting their rates lower and if they did, did they talk to a supervisior or just the call rep. 

[Walt_K]

Capital One and Discover were both difficult for me.  I was out of work in 2008 and ran up quite a bit of credit card debt and then went very late and had all of my accounts closed though thankfully not charged off.  Once I started working again and brought everything current, BofA and Chase both agreed to lower my interest rate to 6%.  Capital One and Discover were something like 29.99 and 30+% while I was in default. Once I got out of default, they lowered the rate to about 23% or something like that.  I just kept calling them every few months.  After 3 or 4 months, I got it down to 19.9% for Cap One and 18.3% for Discover.  Discover never lowered it past that.  Capital One sat there for a long time.  Once I got the Cap One card down under $1000, without me asking they lowered the rate to 7.1% (you would have thought there was some middle ground between 19.9 and 7.1). 

Just concentrate as much as you can on the highest interest card and keep calling every 3 months or so.  All they can do is say no. 

[verve12]

Thanks Walt, thats what I plan on doing.   Fingers crossed the give me a break.  Have a good weekend.

[92SelfMade]

I had an offer to lower my interest rate to 12.9% when i called the backdoor number and spoke to a account specialist they gave me that offer and a offer to waive my annual fee which i shouldve took the annual fee one but i took the lower interest rate but its only promotional for 6 months hopefully they will make it permanent other than that