How can I get a Lower APR on my credit card?

How can I get a Lower APR on my credit card? -

The payment of credit card bills can be expensive, especially when you have a high amount of debt. Fortunately, there are a couple of options to help you get a lower monthly payment and make payments easier to manage, including making a balance transfer or ask your current lender to reduce your April

the best way to get a low in April

If you are looking for the lowest APR for the longest time, your best bet is to transfer the balance of your credit card to another card . Many credit cards offer a 0% APR for up to 18 months, which means that you can either pay a large portion of your debt down or even pay off completely before you pay interest.

Here is a breakdown of the best balance transfer credit cards. For a personalized view of the card that will save you the most money, visit our balance transfer calculator here.

The longest period of 0% Intro APR: Citi Simplicity Card | Apply now

If you have excellent credit, the Citi Simiplicity is a great option for you. In addition to providing you with 0% APR for long 18 months on balance transfers and purchases, this card also does not charge you late or annual fees - ever . Although the city Easy Card is charged a small fee balance transfer either $ 5 or 3%, it is generous 18 months of 0% APR will always help you pay your heavy balance with, hopefully, time to lose .

No balance + 0% Intro APR transfer fee: Slate from Chase | Apply now

The best balance transfer card with no balance transfer fee is Slate from Chase. In addition to providing you with 0% APR for 15 months on purchases and balance transfers, this card also no balance transfer fee . Slate from Chase also charges no annual fee, relieving you of stress you may have to pay an annual fee of surprise. All these features combined make it a solid option for someone with great credit looking to take control of their debt.

card with the lowest being in April: Mastercard Barclaycard Ring | Apply now

If you are looking for a card that provides the lowest APR on a long term basis, then Mastercard Barclaycard Ring is the perfect option for you. This card not only offers low 8% variable APR on balance transfers and purchases but also charges no balance transfer or annual fee . It is the best option for someone who wants to pay not only the heavy debt, but also have a long-term low APR

May I ask a Lower APR on my credit cards?

If you do not qualify for a balance transfer credit card or do not want to add another credit card to your wallet, you can ask your credit card lender for a lower APR, but there are a number of things you need to consider before picking up the phone and start calling all your banks. It is essential for you to realize that your request for a lower APR trigger a reassessment of your account with your bank. So if your account is in good standing and that you had a strong history of payments on time, your application may be approved (more on that below). However, not only may your application is denied, but it could also impact other aspects of your credit relationship with a bank. For example, when evaluating your credit account, the bank may decide that your credit limit is too high and unexpectedly lower it to an amount it deems reasonable, which therefore could reduce your credit score. Unfortunately, it is unfair, but it is a possible risk you take when you decide to request an assessment of your credit account.

Moreover, there is a chance you can get a lower APR, but it is more than likely a temporary lower rate - which means that the rate will remain low for a number of months, then back at the previous higher rate. This occurs when the bank is having a promotion that makes the fares available only to certain customers for a predetermined period of time. Although rates are not permanent and long-term, it should be noted that obtaining a lower APR, even for two months is an excellent option because it means less of your payment is interest and the balance will capital.

Be prepared if you decide to seek a Lower April

Although banks do not make a hard inquiry on your credit score (which means it will not affect your credit ) to determine if you qualify for a lower APR, they will still do a lot of digging into your credit account - which is why you must ensure that you do your homework. It is essential for you to know five things: your current APR, credit limit, the account balance, how long the account has been open and active as well as your payment history. Once you have collected all the above detailed information, you are ready to call the number on the back of your credit card. Note that you may need to ask to speak to a supervisor to complete the request for a lower APR.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and has not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but the terms and conditions of card can change at any time. This site may be compensated by the sending credit card affiliate program.