Hello, I am new here, just found this forum yesterday. Has anyone had any luck getting an interest rate reduction from Sears MasterCard (currently 19+%). I read the CapOne posts and see that they won't budge. I've tried 3 times with Sears and I always get the "we don't negotiate interest rates" song. Even asked would they lower the rate if I put a request in writing. Asked to speak to a supervisor, still no deal. Should I surrender?
Also, this card is my oldest, since 1986. If I pay it off and close it, will my credit rating take a big hit? They have this thing where you are supposed to spend $600 in purchases every year, I don't know what happens if you don't spend that much ( I know, I am a drone, I just do what they tell me!) My next oldest card is from 1999.
Sorry this is such a long post, especially my first one!
