Tweet
(I hope I'm posting this in the right area)
In October Wells Fargo sent a letter out to all of it's customers stating they would be increasing % rates on credit cards. My credit card was already at an outrageous 21% and it jumped to a even more ridiculous 24%! When I first received this credit card as a student credit card the credit line was 1200 dollars and interest of 20%. I figured that if I was a good paying customer over time the interest rate would drop and the line of credit would increase. Well 4 years later my credit limit is 10k with 24%, go figure. At the end of this month my credit card will be payed off. This is my ONLY major credit card and I need to keep the account open so my fico score doesn't drop. I called wells Fargo today to see about lowering my interest rate and was pretty much flat out told no. They did offer to refer me to the loan department to help me pay off the 300 remaining dollars
!%&^ Uhhhh lets see here thanks but no thanks!!! This was as far as I got with them. 
My only recourse here is once the CC is payed off charge a small amount on it and pay it off in full each month. Build a nice Emergency Fund and pray I never have use the credit card in an emergency situation.
Has anyone actually had any success lately with getting their interest rates lowered through wells fargo, or am I beating a dead horse if I keep calling?
In October Wells Fargo sent a letter out to all of it's customers stating they would be increasing % rates on credit cards. My credit card was already at an outrageous 21% and it jumped to a even more ridiculous 24%! When I first received this credit card as a student credit card the credit line was 1200 dollars and interest of 20%. I figured that if I was a good paying customer over time the interest rate would drop and the line of credit would increase. Well 4 years later my credit limit is 10k with 24%, go figure. At the end of this month my credit card will be payed off. This is my ONLY major credit card and I need to keep the account open so my fico score doesn't drop. I called wells Fargo today to see about lowering my interest rate and was pretty much flat out told no. They did offer to refer me to the loan department to help me pay off the 300 remaining dollars
!%&^ Uhhhh lets see here thanks but no thanks!!! This was as far as I got with them. My only recourse here is once the CC is payed off charge a small amount on it and pay it off in full each month. Build a nice Emergency Fund and pray I never have use the credit card in an emergency situation.
Has anyone actually had any success lately with getting their interest rates lowered through wells fargo, or am I beating a dead horse if I keep calling?
Comment