How long and what requirements.

[Anonymous]

Wondering how long should I have a card and what do they look for in interest rate reductions. Since my Citi double cash card have a 9 month 0% which ends in September after which it'll be 25% so when is it time to ask for rate reductions?

[Anonymous]

Whenever you want.  There's no harm in asking.  You can do it through chat and it takes all of 45 seconds.  The worst they can say is no.  I lowered mine from ~25.xx% to ~16.xx% with 3 chat sessions over 4 days I believe.  The squeaky wheel gets the grease.  And, if it doesn't, keep sqeaking until you do.

[Anonymous]

So it's not like CLI's where it has to be a certain time frame?

[AverageJoesCredit]

Usually, Citi or Discover wont entertain reductions if you are currently on a promo, at least in my experience. Sometimes, they might offer a new promo if they cant reduce the current apr.

[pinkandgrey]

Definitely wait until after the promo period ends. And then I’d still wait a few more months to establish a good history. However, it really does never hurt to ask. Good luck!

[Anonymous]

---

@Anonymous wrote:
So it's not like CLI's where it has to be a certain time frame?

---

Nope.  You can try a day apart.  Probably even less, (say) hours apart. 

[Loquat]

I agree with @AverageJoesCredit here.  In my experience, Citi has never tossed anything my way when I was already in a special promotion of sorts.  Once outside of that they’ve handed me BT’s and lower interest rates just about any time I’ve asked.