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Lynnette

How To Lower Your Credit Card Rate: Use This Script!

girl-on-phone.jpg There was a report on the local news here in Nashville showing how people were able to get immediate results -- much lower credit card rates -- simply by using a very specific "script" with credit card companies over the phone.

Turns out, the actual words that you say are the most important factor in your getting a lower credit card rate.

Here's the script...

 

According to WSMV in Nashville, you should use this script to get a lower  interest rate on your credit cards:
 

Hi my name is [your name].

I am a good customer, but I have received several offers in the mail from other credit card companies with lower annual percentage rates. I want a lower rate on my credit card.

What can you do to help me?

 


If they say they can't help, or if they offer a rate that's not low enough for you, ask:

Is that the best you can do?



If that's the best they can do, and it's still not low enough for you, then ask:

May I speak to a supervisor please?



...Then repeat the same script with the supervisor.



The experts say that your chances of getting not only a lower rate, but a rate that you will be happy with are quite good!

Read the complete story here.

 

 

 

UPDATE 2/20/07:

I saw Dave Ramsey on the CBS Morning Show today and he said "the average rate is 14.5% right now".

The rest of what he said (paraphrased): If you have been a good customer with a particular credit card company and you have a rate higher than that, then you should call and ask them to take your rate down to around 10% or you're going to move your credit card balance elsewhere. Chances are, they'll offer you a rate that falls somewhere between 10% and 14.5%. If so, take it!

Here's more from Dave Ramsey on CBS this morning, including the video.

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