Thread: How To Get Capital One To Lower Interest Rate

Hello all, New member here So here is what is going on, i have a capital one Sony card which i applied for and received my senior year in high school through Chase (the original issuer of the card) Since then Chase i guess 'sold' the Sony card to Capital One. It has now been about 5 years or so that i have had that card and the APR is at 27.24%.

I have always paid my payments on time and usually carry a balance of ~$100-$200 a month or two out of the year. However i just called capital one today and spoke with two different people, both stating "i do apologize, but, there are no offers for a lower interest rate on your card". They kept saying they cannot override anything, so i kept insisting if i may speak to someone who has the authority to override.

When they did not budge from there i discussed option #2: transfer my credit line over to a different card keeping the same credit limit (no need for a credit check, not that it matter since i have been anal about my credit score ever since i got my first CC and over the years it is almost at 800).

They said no you need to apply for that card we cannot make a Sony card a non-Sony Card, which kind of made sense? When i asked why, the supervisor couldn't explain why. After 30 minutes of back and forth of not getting anywhere i got off of the phone.

What are my options and tools that i can work with to get capital one to lower my interest rate?

Stop using the card after i pay the balance ($176)? I even said that to the CSR and the supervisor who seemed like they couldn't have cared less.

Thanks in advance!

Pay it off.

Then, don't charge more than you can pay off, or consider the $4 in interest ($176x(.2724/12)=$4.00) as a convenience fee.

If overspending is an issue, switch to debit.

i agree pay it off cancel the card

I don't think you should necessarily cancel the card, it will help your credit report to have it, but either don't use it, or pay it off monthly.

If you can't pay it off monthly, keep it in your sock drawer.

Thanks for your suggestions guys! Rather then continue to call cap one I've just paid the balance and will most likely continue to use it but without carrying any balance at any given time since the reward points are pretty decent!

Thanks again!