Get a lower credit card rate
Filed under: Credit Cards, Credit Reports, Credit Score, Save Money
Do you NEED a lower credit rate? You most likely will not get it if you do. If you don’t need it, have a credit score 700 or above, than you can most likely get a lower credit rate. If your 
credit is bad, you’re late on your payments or you have cards that sit at the max, your lenders are most likely more worried that you are going default than go to a competitor. That will definately make it harder to get a lower rate.
Banks like secure profits. They like security. If you have earned a good credit score through paying all debts on time, then you are secure. Banks want you as a customer because you mean secure and safe investments on their part. Due to this you can ask for a better rate and most likely get it.
“If your credit score is 700 or greater range and you have an interest rate for purchases above 12% on your current card, you definitely need to call and find out why your rate isn’t lower” said credit score and finance expert Jake Rinard from MoreMerchant.com.
Here is something that tells you approximately what banks see when they see your credit score.
We recommend not closing your credit card everytime you see a lower rate. Negotiate and get the best deal possible. By closing accounts and having your credit score checked by other banks will dramatically lower your credit score. So stay loyal, but don’t let your loyalty cost you thousands of dollars.
Credit Card Offers for Bad Credit to improve your credit score!
Comments
Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!