[Sample] Letter to Credit Card Company to Lower Interest Rate

letter to credit card company to lower interest rate sample

Your Name
Your Address
City, State, Zip Code

DATE

Customer Service Department
Name of Credit Card Company
Address of Credit Card Company

RE: Requesting a lower interest rate on card number NUMBER

Dear Sir/Madam:

For the past ten years, I’ve had a credit card with your company, and I’ve always made my payments on time. But I formally request that you lower my account’s interest rate.

Additionally, I am aware that other credit card companies charge rates that are much lower than the PERCENT OF INTEREST that I am currently paying.

I would like to continue doing business with your company even though it might not be in my best financial interest. However, I’m considering switching to a company with a lower interest rate.

I’ve also received the following offers::
Company Name and Interest Rate
Company Name and Interest Rate

I also request a reduction or elimination of the annual cost I pay to renew my card. I’ve received a lot of offers without an annual cost.

You can see from my record that I have always paid on time, and I have never been charged a late fee.

I’ve also never over my credit limit. These are the reasons I’m asking for my renewal fee and interest rate to be reduced.

If my request is denied, I will have to terminate my credit card with your company and switch to one that provides me with better terms.

I would like a representative of your company to call me at 555-123-4567 or contact me by email at name@email.com to notify me of your decision about lowering my interest rate and eliminating my annual fee.

I would appreciate your prompt attention to my requests. Thank you for attending to this matter.

Sincerely,

Signature
Your Printed Name