How to lower interest rate on Chase credit card?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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Joined: Fri Oct 14, 2011 4:06 pm
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How to lower interest rate on Chase credit card?

Postby Mr.Ritz » Fri Oct 14, 2011 4:11 pm

I have been with chase for years and have a credit score of 720. The card has a 17.24 joke interest rate. When I called I told them the avrg for reward cards was 14.61 they just said they knew but the bank wont lower the interest rate.

I explained this is the second time calling and that I have been with them years. They just gave me an address to write to. I just asked them to cancel the card because I get 11 percent offers from Discover all the time. Not to mention their rewards program is not a confusing mess.

Should I call back or write the letter?

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Postby DavidNY » Sat Oct 15, 2011 9:47 pm

Since you already cancelled the card you could make a new application if you still wanted to deal with Chase and see what APR they want to give. If you PIF it shouldn't make a difference what the APR is.

The Discover rewards program is, for the most part, lousy. If you need a low interest card, check out the CItibank card with the 0% BT offer.

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Postby naomibatac » Wed Nov 23, 2011 6:31 pm

Chase is a good bank. Probably, you may try applying for another card. Since you have been with them for year, you might be able to haggle for lower APR. If they will not give you, then maybe you can write that letter and request for lower APR.
[size=60]I don't have any relationship to the credit cards or companies discussed here. I am solely a regular member of this forum with no direct financial rewards from this site. My opinions are solely mine.[/size]

A mom of 3 and currently living life, and working for credit card helpline, a company dedicated to helping people get out of credit card debt.

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