You don't need to sign up fow a low-interest credit card immediately to get a low interest credit card. You can get a low-interest rate on your existing account by following these steps.
1. Call your financial institution with your existing credit card account and ask them to convert your credit card interest rate to the lowest available rate. You can ask them to consider your solid payment history with them and long term-patronage of their card in giving you the lowest possible rate.
2. Look for a credit card company that offers better rates if your existing credit card issuer did not approve your request. You can look for offers in your mailbox or you can contact your local banks to ask for lower rates. You can also call VISA or Mastercard and ask them to give you a list of preferred issuers.
3. Call the credit card company with the offer you're interested in and ask for an application. You can also inquire if you can send your application to them via mail, fax or internet.
4. Your application shoukd be answered within 10 business days of completing your application. You can call for follow up if you haven't heard from them after that time.
5. if the credit card company denied your request, you can ask the credit card company to give you a written explanation why they denied your application. It's your right and they are required to give you a denial letter. The denial letter should also tell you how to get a free copy of your credit report. If they don't do this, you can call the credit card company for support.
VIA eHow
Keyword: Credit card
