Re: Any tips on how to get a rate reduction from Chase and Discover
12-18-2008 06:21 PM
I called both today to request lower rates. We paid off all of our cc debt about 6 months ago and I thought it was time to try for lower rates. Chase went from 18.99% to 12.99 % no problem ($200 balance on $3600 limit). She did say that was the lowest rate right now. Discover went from 18.99% to 1.9% for 6 months ($0 balance on $2500 limit). I will have to call in 6 months to check on rates again because it will revert to 18.99%, but I have no problem with calling again.
On a side note, I also called HHBank and they lowered the rate from 17.99% to 9.99%.
Good luck, they really seem willing to work with you! Maybe the holiday spirit??