Lower rate on my Credit Card? Any advice on getting a lower rate on my hight interest credit

Any advice on getting a lower rate on my hight interest credit card?

Here's the deal. I hold two credit cards. One with a 9.9% rate and one with an 18.5% rate. The 9.9% card have a balance of about $2,000, and the 18.5% have a balance of $0 (I had at one point $2,500 stability but sice paid it off because I shun to pay 18.5% on purchases). My only other debt is what I owe on my truck (about $9,000). I form over $30,000. I have NEVER missed or even been unsettled on making a payment. My credit score is 720.

I want to acquire the 18.5% rate reduced and have called multiple times but they "cannot volunteer me anything" or they say that I am not eligible because of my credit situation. I do not want to dump that account because I enjoy had it for a few years.

Any advice?

Shop around and find a fresh card that has free balance transfers. You may be capable of transfer the 9.9% balance and pick up even more. Call the 18% card company and tell them you want to close the account. If they play hardball later close the account and enjoy your two other cards!

I've heard that you can request a lower rate. If not, lately speak to the manager. This is hear say.

If you transport a balance over from month to month, you need to look for the lowest rate interest card available. Some cards charge large rates of 18% and upwards per annum, others charge less than 10% per annum. The interest rate makes a huge difference to the monthly minimum repayment amounts and also the glibness at which you can pay down debt. A low interest rate is more important than a rewards program if you are carrying debt.

"I individual use a credit card occasionally and normally pay it sour each month" If you are a light credit card user and tend to salary it off in full respectively month then the most important factor to consider will be the cards annual fee and the number of interest free days on purchases. Many credit card issuers have cards next to no annual fees. They tend to offer less contained by the way of rewards schemes but as a wishy-washy user you are unlikely to benefit from such schemes. Look for cards with a low or no annual duty offering instant rewards and discounts. These are partner offers that can be used at any time without accumulate points.

"I buy most things with my credit card and then to foot if off each month" If you do most of your spending via your credit card and tend to money it off each month afterwards you may benefit from a credit card offering a rewards scheme. Often rewards credit cards have highly developed interest rates or annual fees than other types of credit cards. However, interest rates are not important so long you pay the bill respectively month and the rewards could well exceed the card fee. Frequent flyer credit cards are the most popular type of reward card. A spend of around $2000 per month can earn the equivalent of 4 short draw return flights per year with many airlines. Get more information more or less lowest rate credit card at: http://www.credit-card-gallery.com/lowes...

I notice the screen name (SGT G). Are you contained by the Active Duty Military or currently in the Mobilized Reserves or National Guard? If so then you most definately qualify for the Soldiers and Saliors Relief Act to be applied to your sketch, which will give you a 6% interest rate while you are on Active Duty. The credit card companies and banks won't enlighten you about this, and some will even go as far as to deny even honoring it. To come by a copy of this letter, visit your local Jag organization. Once this is done, just ask for the creditor's fax number and fax it right over to them. If you have any problems beside them applying the new interest rate, just move about back to your Jag office and enjoy them call the creditor. They have to honor it while you are on Active Duty.

Answers:
HI,
I work within a bank and if your bank values you they will try to retain you.

Tell them you craving to cancel the account if they worth you as a customer they will transfer you to what they call client retention department. They will ask you why you are cancel them and you will tell them about your other card. If necesary fax them a copy of your other credit card statement.
If they still insist they cant better the interest walk ahead and cancel there are various competitive rates out there who will work for your buck. By an issue of money magazine i believe they keep track of the lowest rate credit cards within the market.

WARNING: You dont have much credit according to your statement so cancelliing this card might lower your credit rating specially if it is your oldest details. if this is the case just gain another credit card and dont cancel this one. have it begin but just dont use it

try AMEX

Your CREDIT win means zilch. You must have a FICO win. That is the one you must pay to get.

http://msxml.excite.com/info.xcite/searc...

Do not listen to people who tell you purely to close your account. You can threaten to do so and usually they will do anything to keep you as a customer. But if they don't lower your rate, don't close your explanation. It hurts your credit score. Maybe you should concentrate on paying more to that card every month until you pay it sour. All the people I know with well-mannered credit never close accounts. They just don't use their cards. Good luck.