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Thursday, May 23, 2024   

Lower Rate Card
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.
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Scott Bilker


I saw you on a TV 8 program on Monday, February 26. You mentioned Capital One for a lower interest rate. I went right on the Internet and applied for a credit card with a balance transfer from another credit card. They came back and said I was not approved for the O% interest rate, but approved for 19.9% which is what I already have. In the past I have had some late payments on bills. Is there any hope that someone will give me a lower interest rate on my credit cards. HELP!!!!!

Hello again!

This is the real answer to your question, as opposed to my note talking about Howell. By the way, I think Zac will be the biggest winning wrestler in Howell history!

The reality is that you need to keep working to get a low rate card. You're going to have to continue to apply for those low rate offers until you do get accepted. I publish a Low Interest Rate Special Report that lists many low rate banks. You can read more about it by clicking here.

Also, don't be hasty in closing accounts once you pay off a credit card. Keep the card around and wait until they send you a low rate offer. I have about 80 credit cards and at any one time 20 to 30 of them are offering me some type of low rate deal.

Good luck and please let me know what happens!




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