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Question By
cheapscate

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My credit card interest is 29.95% although it's been paid up for months. How do I get it lowered?

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Creditors periodically check your credit and adjust your interest rates automatically (around once a year). Contact your credit card company and request an interest rate decrease. Depending on the creditor and depending on your overall credit, they might help you out.

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Reply by
icuhowie

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Oh do they now?   Can you just name Five of the National Creditors that do this please.

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Don't hold your breath trying to get your APR lowered.

Creditors are in it to make money,  the 3 days they make money is  

1)  Every time you swipe/use their credit card.
2)  You carry a balance month to month and and pay that Intrest Fee

3)  Other fees like  Late Payments, 

They have no reason to lower the rate they are charging.

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