Comments on: Lower Credit Card Interest Rates

By: pfadvice

pfadvice — Wed, 30 Aug 2006 13:43:22 +0000

A video I would love to see is you calling up a cable/Internet provider and negotiating down your rate. Yes...I need to figure out how to get audio as well as video to work with a phone call (otherwise you'd only hear my side of the conversation), but it is certainly something I'd like to do.

By: davis

davis — Fri, 25 Aug 2006 16:54:58 +0000

There is always the option of switching to a lower rate card if they refuse if you can qualify. It helps a lot if you are willing to follow through with your threats. I think credit card companies are getting better at knowing when you are faking it and when you really will leave.

By: MyFinanceForum.com

MyFinanceForum.com — Fri, 25 Aug 2006 16:42:34 +0000

I’ve tried this with my 18.99% card once and they flat-out refused. And why shouldn’t they? I carry a balance (which I know is bad, but I don’t have a choice at this point) and there is no incentive for them to alter the rate. I even mentioned that I had a lower offer and was going to take my business elsewhere. I guess what I’m saying is: don’t take it for granted that you can negotiate a lower rate in all cases.

By: makingitbig

makingitbig — Fri, 25 Aug 2006 14:06:15 +0000

Jeff — enjoying the new video series.

A video I would love to see is you calling up a cable/Internet provider and negotiating down your rate. I tried doing this with little success and would love to see the master in action.

Any chance we could see this?
-jason