Comments on: How To Legally Decrease The Interest Rate On Your Credit Cards (Step By Step)

By: cd phi

cd phi — Sat, 21 Nov 2009 00:20:17 +0000

I like this article! It is interesting to know how much the President really makes. When I was a kid, I always thought the President made the most money in the world! How silly of me… Keep the great articles coming!

By: cd phi

cd phi — Sat, 21 Nov 2009 00:14:03 +0000

YAY! I would have never thought of doing this but I’m sure it works as most companies are willing to negotiate. Thanks for the tip!

@ John: I will definitely try that next time, too!

By: John

John — Fri, 20 Nov 2009 22:51:39 +0000

This definitely works and so does this:

1. You order something over the internet.

2. You call to get a return authorization code. You give as the reason that the item is too expensive.

In at least 50% of the cases you will be offered a rebate, of 20-40%. You keep the item and pay less.

By: Credit Card Chaser

Credit Card Chaser — Fri, 20 Nov 2009 04:18:31 +0000

Credit card companies are much more willing to negotiate than many people realize. However, gathering up credit card offers received via snail mail does seem a little too 1980’s for me when its easy to compare credit card offers online in seconds. The one thing that unfortunately you typically cannot negotiate with the credit card companies is a higher cash back % so if you are paying off your card balance in full every month and using a card for the cash back or rewards then negotiation won’t do a whole lot of good. Great job outlining a good strategy for people who carry a balance and want a lower rate though.

By: Finavigation

Finavigation — Fri, 20 Nov 2009 01:15:41 +0000

Also worthy of mention – if you don’t get good offers in the mail, you can use sites such as bankrate.com and creditcards.com to find offers that you can use as leverage.

If the credit card company refuses to lower your rate, you can often find several decent deals on a new card at these sites. Good things to look for would be 12 – 15 months zero APR, no balance transfer fees, and no annual fees. They lay the terms out pretty well for you, so it’s easy to compare different cards to see which one offers the best deal.

By: CreditShout

CreditShout — Thu, 19 Nov 2009 22:58:18 +0000

$60 a month is really good, damn do you have the HD Channels and HBO / Starz?

By: MoneyNing

MoneyNing — Thu, 19 Nov 2009 21:21:48 +0000

It’s amazing that they will even back date the offer. It never hurts to ask!

By: MoneyNing

MoneyNing — Thu, 19 Nov 2009 21:20:53 +0000

That’s a bit strange Are you sure you didn’t know her?

By: Daniel

Daniel — Thu, 19 Nov 2009 20:26:08 +0000

140? Wow, go negotiate again. We’re on a $60 plan for cable (with several free add-on features) and internet (16 Mbps).

By: Tushar Mathur

Tushar Mathur — Thu, 19 Nov 2009 20:17:56 +0000

Hi,

I have tried a similar script to get my cable and Internet bill decreased.
Works like a charm!

-Tushar Mathur