Lowering the APR on my credit card?

The BIGGEST thing they look at is how consistently (Read: ON TIME) you pay on your account. If you continue to pay on time they will "reward" you again, probably in about 6 months, if you continue to PAY ON TIME. Other factors that may be in your favor are the amount of your credit line that is used, how often you come close to maxing out your credit line, and your FICO score. They may consider you a "flight risk" if you pay on time, use less then half you credit line, and otherwise keep your other accounts in good order. Credit card companies experience a thing called churn, where customers will leave one company for another if they get a lower rate and/or a larger credit line. By lowering your interest rate 2% they make you feel good and keep you as a customer.

Dpending on the credit line you have, how long you've had credit, and how much credit you have with your other lenders 16% may be a little high but it could be much higher - upwards of 20%.

JM

It really varies from company to company. Of course you should actually use the card and make payments on time to have a shot at lowering your APR. I've called up a creditor before and told them so and so offered me a card with "xyx" interest rate which is a lot better. If you tell them you might close your account and transfer balances they might match it!

Is 16% interest high? It depends on your credit. For some people that is a great rate (bad credit). I received a 0% interest for 12 months card recently so I'd tell you it's way too high. If it's a dept store card that's a low rate.

i think of you will discover that in basic terms the different is authentic....they are going to be much less probably to diminish your APR in the event that they think of you are going to record financial ruin. in case you are trying this, they understand they are going to be written off as a bad debt, and in no way get well $$$$ owed. so as that they are going to shop your interest fee top the place that's at to get what interest they could, on an identical time as they could. those with a sturdy credit history and have been an prolonged time client are extra probably to have the skill to apply those issues as bargaining chips to diminish their APR.

16% is high to me, at least for a card that I would even consider carrying a balance on.

thank you so much for the 2 points :)

i hope someone is able to help u... only advice - why dont u settle down in another country! :)