UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: Daber One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 309041  
Subject: Re: Reducing the interest? Date: 5/12/1998 10:02 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I've found it's best to have plan B waiting in the wings and ready to go when you call and say, "I've been offered a 12.5% interest rate from AnyCard USA if I transfer my existing balance to them. If you're willing to match that rate, I'll stay with Citibank." Ask to speak to someone above if the first person you talk to starts giving you the "sorry-but-we-can't-do-that" schtick.

They'll either concede and agree to lower your interest rate, or they may call your bluff (particularly if you've had some late payments, etc.). If they refuse to work with you, follow through on your threat to walk, and transfer your balance to the new card. You're the customer, after all.

As far as what credit card, there was a glowing review posted on this board for one just yesterday. Read back a few messages and you'll find it.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Berkshire Hathaway

Reconsidering IBM's Moat
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.