On this months statement, I got a notice saying b/c of my good payment record, my % rate would drop from 19.4% to 12.9%....and this account is even closed ($350 balance), you wouldn't think they would do anything for me. But, I'll take it, and didn't even have to ask.
congrats, thats wonderful. I wish my cc companies would lower my interest rate. I get a lot of promotional rates for 6 months or sometimes 12 months, but never any lowering of the rates. I've never been late on any bills in over 10 years, but I do use the cards a lot.
All you have to do is ask for the APR to be lowered. If you are a good customer they will not take the chance of loosing you or having you do BT on them . I would definatley ask. Have a number in mind as well. Like 8.5%
