Negotiating Lower CC APRs

[Medic981]

Does anyone have any strategies to sucessfully negotiate a lower CC interest rate other than just calling and asking for a reduction?

While gardening, I have been able to get a few CLIs and one APR reduction. The CLIs are pretty straightforward. Getting interest rates reduced is like talking to bewildered children. Any suggestions or tactics are appreciated.

[Anonymous]

I haven’t seen any tactics besides calling and asking.

Just know, some issuers don’t reduce APR’s period. Others may offer you a reduced APR for a limited time only. 

[Anonymous]

And others will tell you to call back after initial 0% promotional deals are over.

[Medic981]

---

@Anonymous wrote:
And others will tell you to call back after initial 0% promotional deals are over.

---

I am not in the habit of trying to reduce the APR of a 0% promotion interest rate. Zero percent minus 14.74... carry the one... hmm... check my math but that is still 0%. :~ 

[Anonymous]

---

@Medic981 wrote:

---

@Anonymous wrote:
And others will tell you to call back after initial 0% promotional deals are over.

---

I am not in the habit of trying to reduce the APR of a 0% promotion interest rate. Zero percent minus 14.74... carry the one... hmm... check my math but that is still 0%. :~ 

---

Yeah well I did, never carried balances so I forgot I still have the promotional rate.  

[Medic981]

---

@Anonymous wrote:

---

@Medic981 wrote:

---

@Anonymous wrote:
And others will tell you to call back after initial 0% promotional deals are over.

---

I am not in the habit of trying to reduce the APR of a 0% promotion interest rate. Zero percent minus 14.74... carry the one... hmm... check my math but that is still 0%. :~ 

---

Yeah well I did, never carried balances so I forgot I still have the promotional rate.  

---

LOL... I usually start by asking the CSR what my current APR is running. So that hasn't happened to me yet. 

[UncleB]

---

@Medic981 wrote:

Does anyone have any strategies to sucessfully negotiate a lower CC interest rate other than just calling and asking for a reduction?

While gardening, I have been able to get a few CLIs and one APR reduction. The CLIs are pretty straightforward. Getting interest rates reduced is like talking to bewildered children. Any suggestions or tactics are appreciated.

---

It is really issuer-dependent; you'll get better answers if you tell us what issuers you have in mind. 

[AverageJoesCredit]

I always find calling and threatening to cancel your card if you dont lower the apr works well

[digitek]

Yeah, issuer dependant, but no harm in asking.

Chase will lol at you and tell you they monitor your account and will lower the APR if they want to.

Citi is pretty much always down to lower APR as long as you are a good customer.

USAA won't do it.

[longtimelurker]

CLIs and APRR are for babies!   Try useful things, like negotiating rewards.   "I want 8% Supermarket on my BCP, and raise the cap to $20K", "Make my double cash triple-cash"  "Add united as a 2x category on my American card"    

Don't hear those types of stories, wonder why!