Want a lower credit card rate?
All you've got to do is ask
Moi Rewards has launched in Ontario—here’s how it works
Sponsored By
Moi Rewards
Think your credit-card interest rate is carved in stone? Think again. A new survey by CreditCard.com found that 65% of those who ask for a lower rate, get it. If you have an account in good standing, a request for a lower rate is often approved, says Debbie Gillis of K3C Credit Counselling in Kingston, Ont. “I also recommend that if someone’s interest rate increased due to late payments, they ask the credit card company to consider returning to the previous interest rate after six months of consistent payments.” As for having a fee reversed, there’s no harm in asking. The worst that can happen is they’ll just say no.
Back to the January Money Fit calendar »
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Related Articles
The best travel insurance credit cards in Canada for 2024
Each of these cards offers a suite of features to help you worry less on your next trip, from...
The best rewards credit cards in Canada for 2024
From redeemable points to cold hard cash, these credit cards offer big rewards on your everyday spending.
The best balance transfer credit cards in Canada for 2024
These cards offer super-low introductory rates for balance transfers.
The best gas credit cards in Canada for 2024
Whether you’re looking for points or cash back, these cards will help you earn benefits from your fuel expenses.
The best Visa credit cards in Canada for 2024
As the world's largest credit card company, Visa offers a wide array of credit cards and benefits, making it...
The best no foreign transaction fee credit cards in Canada for 2024
Cards that waive or refund the fee for foreign currency charges are few and far between—but if you’re a...
“Get to know and minimize the investing fees you pay”: Michael McCullough, MoneySense contributing editor
A long-time financial journalist shares his take on debt, investing and misconceptions about growing wealth.
The best travel credit cards in Canada for 2024
These impressive travel cards can help turn your everyday spending into flights, hotels and more.
These credit cards can help you save big on travel to Orlando
Through free or discounted flights, hotel stays and car rental insurance, the right credit cards can get you to...