How to Negotiate Lower Credit Card Interest Rates in Australia
How to Negotiate Lower Credit Card Interest Rates in Australia Paying too much in credit card interest? You might not have to. Many Australians don't realise you can negotiate a lower rate — and it's easier than you think. 1. Know Your Current Rate Check your latest statement or online account. Some rates can be as high as 20% or more! 2. Do Your Research Find out what other banks are offering. Use sites like Finder or Canstar to compare. 3. Call and Ask Be polite and prepared. Let them know you're a loyal customer — and that you're considering switching. 4. Mention Your Credit History If you've never missed a payment, this is a strong bargaining chip. Let them know. 5. Ask for a Promotional Offer Banks often have limited-time deals — even for existing customers, if you ask. 6. Be Ready to Walk Away If they refuse, be prepared to balance transfer to a lower-interest competitor. Script Example: “Hi, I’ve been a customer for 5 years and always...