Handy Info Helps Setup Successful Credit Card Negotiations

Last week we kicked off a series covering the of negotiating a better credit card rate. This week we continue that series with our second installment.

We have about two to three more installments to go in this series and we’re going to continue to mix it up covering some of the “What you should say” and some of the “What you should not say” scenarios.

What you Should Say

Have All The information at your fingertips

• Have your computer on their web page, and on their competitors web pages, opened to their current offers and plans and their competitors.
• Have copies of any paper offers where you can see them.

Tell them About the Better Offers You Are Looking At

• Tell them you are looking at better offers and describe them with full details including rates and other fees. Then ask them if they can provide a better rate than the three offers you have described.

What you Should not do or Say

Don’t Close the Account

• If you do get angry, do not make a rash decision to close the account.

Humbly Apologize to Save Yourself Money

• Apologize for being angry but tell them that you think they are being unreasonable and that you will take some additional time to make arrangements with their competitor.

Part 1 in Series - The Right Words to Negotiate a Lower Credit Card Interest Rate.

Part 2 in Series - Handy Info Helps Setup Successful Credit Card Negotiations.