10+ Ways How To Get A Lower Interest Rate On Credit Card. Make multiple payments each month. Take the following steps to try to get. Lower your interest rate by 2% each year. One of the best ways to get a lower interest rate on your credit card for a limited time is to apply for a balance transfer credit card.
First, try directly contacting your credit card issuer and asking for a lower interest rate. Most balance transfer credit cards offer 0%. Pay off the purchases card in full each month and pay off what you can on your balance card.
As schulz puts it, a $5,000 balance with a 24% apr and $250 monthly payments will take 26.
Contact your credit card issuer and explain why you would like an interest rate. If you have an initial rate of 18%, they may lower it to 12%. A massive interest rate on your credit card debt is a crushing blow to your financial freedom.
As Of February 2022, The Average.
Continue to make payments on time, reduce.
Conclusion of 10+ Ways How To Get A Lower Interest Rate On Credit Card.
Make sure to review all of your credit reports before you pick up the phone. Lower your interest rate by 2% each year. Knowing how to reduce credit card interest rates doesn’t require a lot of time or specialized skills.