How to lower interest rates on credit cards

Be prepared before calling your provider.

Last updated:

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Having a lower APR can help save you quite a bit of money if you occasionally carry a balance. But even if you have a high APR, it’s not necessarily set in stone, as there are ways to negotiate lower interest rates.

How to negotiate lower interest rates on credit cards

Negotiating with your card provider for a lower APR can result in a big financial win for you. Plus, there isn’t really a downside to making the request, as the worst that can happen is you’ll get a “No.”

Here are a few tips to help you navigate your negotiation smoothly.

Know your credit score

Your credit score is important because it affects whether your card provider sees you as a responsible borrower. The higher your credit score, the better chances you have of getting your APR lowered.

There are many services that let you check your FICO score. Some, such as Discover Scorecard, let you check your score for free. Some credit card providers include your FICO score on your card statements.

If your credit score is below 670, you may want to work on it before asking for a rate decrease. The two main ways to increase your score are making on-time debt payments over a long period and keeping your credit utilization low.

Find credit card offers from other providers

You can get prequalified for credit cards from certain providers without affecting your credit score. If you’re getting credit card offers in the mail, save them.

Getting credit card offers means you fit the credit profile of someone who would likely be approved. It also means you have other options if you become unhappy with your current provider. Simply mention to your provider that you’ve received these offers, which will help you negotiate a rate decrease.

Prepare for your call

Before you call your provider, prepare a few talking points. In addition to having a strong credit score and getting prequalified for other cards, here are a few other factors that can help your case:

  • You’ve been a customer for a long time.
  • You have a significant history of on-time payments.
  • You recently got a raise.

Ultimately, getting your APR lowered is often as simple as calling your provider, saying you’re seeking a rate decrease and explaining why you should get one.

Be respectful when speaking to your provider

When you call your provider, it helps to be kind to the representative — they may be more willing to do you a favor simply because you’re polite.

If the representative says no, consider asking to speak with a manager, who may have more authority to help you. Alternatively, call back and try your luck with another representative who might be more lenient.

What to do if you can’t negotiate a lower interest rate

If your provider won’t lower your APR but you consider yourself a strong candidate, consider a 0% intro APR credit card. Here are a few 0% intro APR cards we highly recommend:

CardWhy it’s greatLength of intro APR on purchasesLength of intro APR on balance transfersAnnual fee
Citi Simplicity® CardLong intro APR on balance transfers12 months21 monthsNone
Amex EveryDay® Credit CardNo balance transfer fees for the first 60 days from account opening (no transfers accepted after that)15 months15 monthsNone
U.S. Bank Visa® Platinum CardLong intro APR on purchases and balance transfers18 months18 monthsNone

In addition to the above cards, consider other 0% intro APR credit cards on the market.

Compare 0% intro APR credit cards

Name Product Purchase APR Balance transfer APR Annual fee Filter values
Citi Simplicity® Card
0% intro for the first 12 months (then 16.24% to 26.24% variable)
0% intro for the first 21 months (then 16.24% to 26.24% variable)
Enjoy one of the longest intro APRs on balance transfers, no late fees, no penalty rate and no annual fee.
Blue Cash Everyday® Card from American Express
0% intro for the first 15 months (then 14.49% to 25.49% variable)
0% intro for the first 15 months (then 14.49% to 25.49% variable)
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & fees
Citi Rewards+℠ Card
0% intro for the first 15 months (then 14.99% to 24.99% variable)
0% intro for the first 15 months (then 14.99% to 24.99% variable)
Earn rewards and enjoy a long intro APR period on purchases and balance transfers.
Capital One® Quicksilver® Cash Rewards Credit Card
0% intro for the first 15 months (then 15.49%, 21.49% or 25.49% variable)
0% intro for the first 15 months (then 15.49%, 21.49% or 25.49% variable)
Earn unlimited 1.5% cash back on every purchase, every day.
American Express Cash Magnet® Card
0% intro for the first 15 months (then 14.49% to 25.49% variable)
0% intro for the first 15 months (then 14.49% to 25.49% variable)
Unlimited 1.5% cash back. Rates & fees

Compare up to 4 providers

Bottom line

Oftentimes, it doesn’t hurt to call your provider and ask for an APR decrease — especially if you have a strong credit profile. If your provider won’t lower your rate, see if you have low-interest options elsewhere.

Frequently asked questions

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site