You may be able to get a lower interest rate on your credit card by calling your credit card issuer. Updated Thu, May 1 2025. Andreina Rodriguez Associate Reporter, CNBC Select.

How do you negotiate a lower interest rate? “The average credit card rate is typically most reflective of your credit score but the national credit card rate average sits at 16% as of rate now ...

How To Lower Your Credit Card Interest Rate. Audited & Verified: Mar 6, 2025, 3:28pm Libby Sweeney Former Staff ... Typically, a higher credit score equates to lower interest rates.

Another way you can help convince your credit card issuer to give you a lower APR is by presenting some other credit card ...

When you call, mention that you've received offers for lower rates elsewhere but would prefer to stay with your current card. Be specific, as saying things like "I've been offered 15.9% APR by ...

In other words, if you have a $7,500 credit card balance and pay $175 a month on it, it would take more than 11 ½ years to pay it off. That's a whopping $16,319 in interest alone!

Here are some of the best ways to get out of credit card debt and take back ... Every extra dollar you earn should go directly toward paying off your credit cards. 5. Negotiate a lower interest rate.

If you have been making on-time payments, your credit card company may offer a lower rate for a set period of time (such as 6 months). This can help you save on interest and pay off your principal ...

Through credit card consolidation, it may be possible to get a new loan with a lower interest rate. There are various options to consolidate credit card debt with unique pros and cons to consider.

Credit Card: Interest rate on credit card bill kicks in when you fail to clear your credit card bill on time i.e., during the 45-day interest free period ...

The lower your interest rate, the less you’ll pay in interest charges. How to get a card with a low interest rate. When looking for a new credit card with a reasonable ongoing interest rate ...