Letter to Reduce Credit Card Interest Rates (Free Sample)
Use this sample letter to reduce credit card interest rates as a template for your formal request.
Sample Letter to Reduce Credit Card Interest Rates
Name of Consumer
Address of Consumer
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:
I have been a card holder with your company for the past 10 years and have always made my payments on time. However, I am formally requesting that you lower the interest amount on my account.
I am currently paying PERCENT OF INTEREST and know that other credit card companies charge a much lower rate. I would like to stay with your company, but it may not be in my best financial interest. I could transfer my account to a company that has a lower interest rate. Some of the other offers I have received are:
Name of Company at Interest Rate
Name of Company at Interest Rate
I would also like you to consider reducing or removing the fee I pay each year to renew my card. Several of the offers I have received require no annual fee.
As you can see from my record, I have always made payments on time and was never required to pay late fees. I have also never spent more than my credit limit. These are the reasons I am requesting you to lower my interest rate and remove or reduce my renewal fee.
If my request does not receive a favorable reply, I will need to cancel my credit card with your company and change to a company that gives me better terms.
I would like a representative of your company to call me at 555-123-4567 or contact me by email at [email protected] 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 of Consumer
Printed Name of Consumer
By Andre Bradley
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