Experts in the credit card industry say that customers could be able to secure below high-street rates on credit cards by contacting their credit card provider and negotiating.
A credit card expert from Fool.co.uk stated that those customers with good credit, payment history and a long-standing relationship with the provider were most likely to receive a discount.
He was reported as commenting: "APRs are not set in stone, and are open to negotiations. Every 1% reduction in APRs represents an extra £74 million that go into consumers’ pockets to ease the credit crunch. It is a fraction of the £50 billion bailout that lenders are grabbing from the Central Bank, which is, after all, our money ."
Negotiate on credit card rate
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Negotiate on credit card rate
Thu, 05 Jun 2008
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