Comments on: Calling Credit Cards To Reduce Your Rate http://www.bloggingawaydebt.com/2006/03/calling-credit-cards-to-reduce-your-rate/ Our Journey to a Debt-Free Life Sat, 21 Nov 2009 08:35:00 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Freddie http://www.bloggingawaydebt.com/2006/03/calling-credit-cards-to-reduce-your-rate/comment-page-1/#comment-29610 Freddie Sun, 08 Apr 2007 13:33:13 +0000 http://www.bloggingawaydebt.com/?p=56#comment-29610 When you ask for a supervisor, you'll get the person sitting next to the person you're talking to. Believe me on that. When you ask for a supervisor, you’ll get the person sitting next to the person you’re talking to. Believe me on that.

]]> By: Flashback - Reducing Credit Card Interest Rates : Blogging Away Debt http://www.bloggingawaydebt.com/2006/03/calling-credit-cards-to-reduce-your-rate/comment-page-1/#comment-29586 Flashback - Reducing Credit Card Interest Rates : Blogging Away Debt Sun, 08 Apr 2007 00:08:01 +0000 http://www.bloggingawaydebt.com/?p=56#comment-29586 [...] I’m highlighting a post I did about calling your credit cards to reduce your interest rate. I actually wrote down how that call went with dialogue from me and the credit card customer [...] [...] I’m highlighting a post I did about calling your credit cards to reduce your interest rate. I actually wrote down how that call went with dialogue from me and the credit card customer [...]

]]> By: Blogging Away Debt » Blog Archive » A Reflective Look Back at 2006 - Goodbye to $13,000 of our Debt http://www.bloggingawaydebt.com/2006/03/calling-credit-cards-to-reduce-your-rate/comment-page-1/#comment-5704 Blogging Away Debt » Blog Archive » A Reflective Look Back at 2006 - Goodbye to $13,000 of our Debt Sun, 31 Dec 2006 02:27:28 +0000 http://www.bloggingawaydebt.com/?p=56#comment-5704 [...] Calling Credit Cards to Reduce Your Rate - My first attempt at calling my credit card to lower the interest rate failed. [...] [...] Calling Credit Cards to Reduce Your Rate – My first attempt at calling my credit card to lower the interest rate failed. [...]

]]> By: John http://www.bloggingawaydebt.com/2006/03/calling-credit-cards-to-reduce-your-rate/comment-page-1/#comment-894 John Tue, 22 Aug 2006 06:10:43 +0000 http://www.bloggingawaydebt.com/?p=56#comment-894 Threatening to cancel is hit and miss. Sometimes they'll rip their guts out to keep you, and sometimes they'll cancel with a smile right there for you. It's pretty random. I only cancel when people truly screw me up somehow. Like moving the due date, when I use autopay. Or changing the rules, and acting like nothing has changed. I'll move mountains to pay those off and cancel ASAP. I'll even cancel other accounts I have with them... JUST SO THEY GET THE POINT. You should keep the account active to (a) accrue long-term financial relationships, and (b) count the credit in your debt-to-credit ratio. Both details work in your favor. I have accounts that sit dormant because their rate is too high to bother with, because they make me look better to the next creditor who comes along. That's just how it works. And right now knowing how it works is important for you. Good luck. Threatening to cancel is hit and miss. Sometimes they’ll rip their guts out to keep you, and sometimes they’ll cancel with a smile right there for you. It’s pretty random.

I only cancel when people truly screw me up somehow. Like moving the due date, when I use autopay. Or changing the rules, and acting like nothing has changed. I’ll move mountains to pay those off and cancel ASAP. I’ll even cancel other accounts I have with them… JUST SO THEY GET THE POINT. You should keep the account active to (a) accrue long-term financial relationships, and (b) count the credit in your debt-to-credit ratio. Both details work in your favor. I have accounts that sit dormant because their rate is too high to bother with, because they make me look better to the next creditor who comes along. That’s just how it works. And right now knowing how it works is important for you. Good luck.

]]> By: Blogging Away Debt » Blog Archive » How I Reduced My Credit Card Interest Rates http://www.bloggingawaydebt.com/2006/03/calling-credit-cards-to-reduce-your-rate/comment-page-1/#comment-718 Blogging Away Debt » Blog Archive » How I Reduced My Credit Card Interest Rates Thu, 10 Aug 2006 14:31:27 +0000 http://www.bloggingawaydebt.com/?p=56#comment-718 [...] I have read and heard over and over again to call them to simply ask for a lower rate. For me, up until recently, over and over they told me no. A study I read about (and I can’t remember where I read it at the moment) claimed that calling your cards and asking to reduce the rate helped a little over 50% of people who tried it. Before I started paying off my debt, I was clearly in the group it didn’t work for. [...] [...] I have read and heard over and over again to call them to simply ask for a lower rate. For me, up until recently, over and over they told me no. A study I read about (and I can’t remember where I read it at the moment) claimed that calling your cards and asking to reduce the rate helped a little over 50% of people who tried it. Before I started paying off my debt, I was clearly in the group it didn’t work for. [...]

]]> By: Blogging Away Debt » Blog Archive » Calling Credit Card Companies to Reverse Charges http://www.bloggingawaydebt.com/2006/03/calling-credit-cards-to-reduce-your-rate/comment-page-1/#comment-479 Blogging Away Debt » Blog Archive » Calling Credit Card Companies to Reverse Charges Fri, 21 Jul 2006 03:48:12 +0000 http://www.bloggingawaydebt.com/?p=56#comment-479 [...] I’m not going to cancel the card though - because that’s what they want me to do. The transcript to the conversation I had with them before is here. They were quite willing to let me go. [...] [...] I’m not going to cancel the card though – because that’s what they want me to do. The transcript to the conversation I had with them before is here. They were quite willing to let me go. [...]

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