Asking for a Lower Interest Rate? Beware!

If you are looking for a lower credit card interest rate, you might want to beware: Credit card issuers are becoming pickier about who gets credit — and even whether you get to keep the credit line you already have. Calling to ask for a lower credit card interest rate may draw their attention to you. Indeed, asking for a lower credit card interest rate may trigger what is known as a “credit review” by your issuer. MarketWatch points out some of the possible outcomes of a credit review:
The outcome could be a lower credit line, higher interest rate or …read more