Originally Posted By: john_pifer
Just noticed that my credit card rate is 16.49%. I don't believe it started out that high, years ago, when I first got this card. There's no reason for them to have gone up - I've never been late on a payment, and I usually pay it off every month, but I'd still like it to be lower, just in case.
I noticed it when they recently changed the app and added a feature that lets you easily see the purchase APR.
I've never been late on anything, and, last time I checked my score, over 2 years ago, when I got my WRX, I was 800+.
So, what's a good rate? Shouldn't my company lower it if I call and demand it? I would think it should be well under 10%.
To answer your questions - yes you can call and ask for a lower rate, and should. If they won't budge, might I suggest a credit union card? They are usually a lot lower interest. Unless some frills with your current card are important, there is really no reason to stay with them.