In the latter scenario, you may be able to get your card issuer to lower your interest rate. You could also use a balance transfer offer to get an introductory 0% APR for a limited time.

How To Lower Your Credit Card Interest Rate. Audited & Verified: Mar 6, 2025, 3:28pm Libby Sweeney Former Staff Editor. Libby Sweeney is a former credit cards editor for Forbes Advisor ...

Vault’s Viewpoint. With credit card interest rates averaging over 20%, cardholders who carry a balance can rack up quite a bit of extra debt. You might be able to get a lower interest rate by ...

Today, card interest rates are higher than ever, with the average credit card interest rate now sitting at 23.37%, according to the Federal Reserve — a considerable increase from just a few ...

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

2: State your case: Your first step should be to reach out to your credit card company and explain that you’re paying too much in interest and that, due to the pandemic, you need a lower APR.

Yes, you can lower your APR by calling your credit card issuer and asking for a reduction, especially if you have a good payment history. You can also try transferring your balance to a card with ...

Card issuers use your credit score to gauge their level of risk when lending to you. A good credit score —a FICO Score of 670 or more—can help you secure lower interest rates on credit cards ...

Learn how to lower your student loan interest rate and save money on your loans. ... Reduce your credit utilization below 30% by paying down credit card balances or requesting a credit limit increase.

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.

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 ...

Vault’s Viewpoint The Costs of Credit Card Interest According to data from Bankrate, the average credit card interest rate was 20.66% as of May 8, 2024. Rates have come down slightly since the ...