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Originally Posted by geojen
How low have you gotten a company to go. My DH pays 11% on a card, and we don't carry a balance, but we might have to someday. He has had the card 5 years and has a great credit score. Do you think they'd lower it below 10%?
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I think you can get it to 2.9 - 4.9% just by asking. If in 5 years you have never carried a balance (paid no interest) they will be very willing to lower your rate. If not, just request another CC from another all those offers you get. Do not close your current CC account, since your credit score relies on your good payment history with this card (5 yrs worth).
Too many people close outstanding CCs and this adversely affects their credit score.
If you ever do need to carry a balance, request a 0% balance transfer CC offer with no transfer fees, but pay it off quickly!