Sometimes merely the hint of losing a customer will be enough to
receive a lower interest rate on your credit card.
While not necessarily the easiest method — and hardly the fastest — the surest way to consistently
receive lower interest rates on your credit cards (and every other type of credit) is to build up your credit score.
Not exact matches
People with excellent
credit may
receive an
interest rate between 10.3 % and 12.5 %
on a personal loan, which is
lower than the national average
credit card rate of 16.41 %.
The actual
interest rate on your specific
card will be inversely related to your
credit score with higher creditworthiness
receiving lower interest rates and vice versa.
If however you're successful in obtaining a
lower interest rate on your
credit card thank the customer service representative for their time, verify the new
interest rate and double check that the new
interest rate is applied when you
receive your next monthly statement.
People with excellent
credit may
receive an
interest rate between 10.3 % and 12.5 %
on a personal loan, which is
lower than the national average
credit card rate of 16.41 %.
In essence, we facilitate lending among our members, creating a situation where both parties benefit: Borrowers pay
lower interest rate than they would
on their
credit cards or similar unsecure loans, while Lenders
receive the
interest the borrowers pay at higher
rates than other investment opportunities of comparable risk (stated
interest rates of 6.69 % -19.37 % after service charge) How many loans have you done (and for what amount)?
Credit scores affect day - to - day life including better interest rates, loans, deposits on utilities, lower insurance rates, or even receiving better rewards and benefits from your current credit
Credit scores affect day - to - day life including better
interest rates, loans, deposits
on utilities,
lower insurance
rates, or even
receiving better rewards and benefits from your current
credit credit cards.
The actual
interest rate on your specific
card will be inversely related to your
credit score with higher creditworthiness
receiving lower interest rates and vice versa.