Has anyone ever lowered their american express credit card interest rate?

Question

I've consolidated my credit cards through Careone but they said they could not help me with my AMEX interest rate. I just wanted to know if anyone knew if this was possible to lower it and how.

Answer 1

YES! it is not easy but the answer is YES. After paying above the minimum for a few months, contact them and flat out tell them that you have been paying well and if they do not reduce your rate you will start to shop around for another credit card. requires phone skill and patience.

Answer 2

Like any other credit card, you can call and ask.  They will look at your history with them and your credit file and make a decision.  The best way to get any credit card to lower interest rates is to mention that you have an offer for a much lower rate from another credit card and are considering transferring the balance.

If Careone is a debt management program, you will not have any luck getting that interest rate lowered.  That will be noted on your credit file while you are in the debt management program.

Answer 3

balance transfer to a 0 percent interest credit card if possible