I opened my chase credit statement and found the interest rate at 31 % avg. is 15.24% is this what you get when your payment is never late and I always always pay more then the minimum so say the minimum payment is 125.00 I pay 300.00 per month so why the high rate ? I have called and asked them to lower it and they just won't. What should I do ?
Go with the flow
Favorite Answer
Pay the credit card in full each month and you never pay interest.
54% of Americans use cards this way.
Statistically, they hold those top credit scores.
By carrying balances, you are not only paying interest, you could be causing serious damage to your credit scores.
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RE :Chase Credit Card Interest Rate?
I opened my chase credit statement and found the interest rate at 31 % avg. is 15.24% is this what you get when your payment is never late and I always always pay more then the minimum so say the minimum payment is 125.00 I pay 300.00 per month so why the high rate ? I have called and asked them to lower it and they just won't. What should I do ?
Follow 2 answers
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Your APR replaced for numerous motives: a million- You have been previous due on your charge, 2- you're a value surfer (potential you transferred stability from one card to a distinctive to stay away from interest too many situations) 3- you're no longer rewarding (potential you do no longer use the cardboard oftentimes. 4- Your credit gets decrease. 5- you have too many debt and doubtlessly could default on your charge. All of those motives ingredient into the fee exchange. while the govt stated he won't be able to do something for you, he meant it. while they despatched the exchange in words, you do no longer decide out and refused the hot fee.you ought to respond to the mastercard by using particular day, if no longer, they assume which you settle for the fee exchange. in case you refuse to settle for the fee exchange, you are able to't use the cardboard and in case you do, meaning you settle the fee that they provide. you are able to threaten to flow yet that may not do any good. you are able to truly flow won't exchange the reality that the fee they charged you nonetheless going to be the comparable. you're possibly extreme danger and that's why they don't seem to be doing something for you. I paintings for yet another financial company (Chase's opposition) and that i see certainly one of those concern customary. If the shopper needs to flow to a distinctive company, they actually can yet we will not exchange to a decrease fee after the financial company already thoroughly reviewed the account.
Calvin C
It is the price you are going to pay for spending more then you can afford. You were made well away of that fact before you started and the issuer has no reason to give you a break. Keep paying consider it a learning expense of life. Life lessons are never free