How do I get American Express to lower my interest rate?

Hi! Yes! It is definitely worth calling and asking them. You may need to make more than one call until you get a person who has the authority to make that change, but it can't hurt to call and ask. I'd do a bit of research first to see what the interest ranges are that the credit card company operates in so that you know where you might fall. You could also send an email or letter to ask.… read full answer

You also might want to see if there is a format or form provided online by your credit card company to request a lowered interest rate – that site will provide specific information to help you succeed in your request.

I feel as if it never hurts to ask for discounts and good deals. Many of us shy about doing this - I often am - but if you can get your courage up and try, you may be successful. Good luck to you!

The credit card companies that are most likely to lower your credit card’s interest rate if you ask include Capital One, Discover, American Express, Bank of America, and Barclays, according to reviews online. Chase sometimes sends out promotional low-interest offers to existing cardmembers, but they are reportedly less likely to lower your existing interest rate in response to a phone call. But if you’re trying to get a better APR on your credit card, don’t take this list to be exhaustive.… read full answer

Theoretically, you can call any credit card company to ask for a lower interest rate. The worst that could happen is they’ll say no. Every card issuer goes by its own rubric for rate decrease requests from cardholders. Your credit history is a factor in many cases, as is your history with the specific card’s issuer. Some card issuers reportedly offer deals to people who pay in full every month. Others may periodically dole out low-APR promotions to existing accounts based on certain criteria, but they won’t lower your APR unless you have one of these offers on your account.

It’s good to go into a phone call with your credit card issuer prepared. Know your current APR and how low you’d like it to go before you call customer service. If you’re currently experiencing financial hardship, consider explaining it to the representative. Cite your good payment history (if applicable) and how long you’ve held that particular credit card, if you think it will help your case. And consider whether or not you’re willing to cancel your credit card and take your business elsewhere if they don’t give you an offer. Sometimes, threatening to close your account will spin the results in your favor. The longer you’ve had the card, the better your odds.

American Express offers a 0% interest rate on five of its consumer cards. The 0% rate is an introductory rate, which means it will expire after a specified number of months. The EveryDay, EveryDay Preferred, Blue Cash EveryDay, and Cash Magnet cards offer 0% interest for 15 months on purchases and balance transfers. With the Blue Cash Preferred card, you can make purchases and transfer balances for 12 months at 0% interest.… read full answer

An American Express card with a 0% interest rate allows you to transfer high interest credit account debts and pay off the balance interest free during the introductory period. You can also finance big-ticket purchases for several months without the costly interest charges.

Business owners have four American Express 0% interest rate credit cards at their disposal. The Blue Business Plus Credit Card from American Express is the best of the lot with a 0% interest rate for 15 months on Purchases and Balance Transfers. The SimplyCash Plus business card gives you 0% interest for 9 months on purchases only. The Platinum Delta SkyMiles and Delta Reserve business cards offer 0% interest for six months on purchases.

Here are the American Express credit cards with a 0% interest rate:

• 0% interest for 15 months on purchases, balance transfers: Amex Everyday card. $0 balance transfer fees on balances transferred in the first 60 days. Regular APR: 14.99%-25.99%. No annual fee.
• 0% interest for 15 months on purchases, balance transfers: EveryDay Preferred. Regular APR: 14.99%-25.99%. 3 points per $1 spent at grocery stores; 2 points on gas purchase. $95 annual fee.
• 0% interest for 15 months on purchases, balance transfers: Blue Cash Everyday. 3% transfer fee ($5 min.). $150 statement credit when you spend $1,000 in the first three months. APR: 14.99%-25.99%. No annual fee.
• 0% interest for 15 months on purchases, balance transfers: Cash Magnet. 3% transfer fee ($5 min.). Regular APR: 14.99%-25.99%. $150 statement credit when you spend $1,000 in the first three months. No annual fee.
• 0% interest for 15 months on purchases, balance transfers: Blue Business Plus. 3% transfer fee ($5 min.). Regular APR: 13.24-21.24% (V). 2 points per $1 spent on business purchases. No annual fee.
• 0% interest for 12 months on purchases, balance transfers: Blue Cash Preferred. 3% transfer fee ($5 min.). 6% cash back per $1 spent at grocery stores. Regular APR: 14.99%-25.99%. $95 annual fee.
• 0% interest for 9 months on purchases: SimplyCash Plus Business. Regular APR: 14.24%-21.24% (V). 3% cash back on your choice business purchase categories. No annual fee.
• 0% interest for 6 months on purchases: Platinum Delta SkyMiles Business. Regular APR: 17.74-26.74% (V). 50,000 bonus miles when you spend $3,000 in the first three months. $195 annual fee
• 0% interest for 6 months on purchases: Delta Reserve for Business. Regular APR: 17.74-26.74%. 70,000 bonus miles when you spend $5,000 in purchases in the first 3 months.$450 annual fee.

You will need good to excellent credit to qualify for an American Express credit card with a 0% interest rate. That’s a credit score from 700 to 749 (good) and 750+ (excellent). American Express will also review your payment history, employment, income, your level of debt, and other factors. If you’re applying for a business credit card, your personal credit history will play a significant role in the evaluation process.