How to Negotiate with Credit Card CompaniesCredit Cards > Credit Card Articles > Article: How to Negotiate with Credit Card Companies
Australia, like many other countries, has a wide variety of credit card companies that consumers must deal with. If you're an Australian cardholder, and you're having some problems with your current balance, interest rate, or other issue, it's important to be able to compare how to negotiate with credit card companies. Often, a simple phone call to the card issuer, explaining a situation of hardship, job loss, or simply asking to lower the interest rate can do wonders. If that does not work, offering to settle the balance at a certain percentage amount can also work in some instances.
If someone has a large balance, it's advised to review how to negotiate with credit card companies in order to get that high rate and balance lowered. Threatening to transfer the balance or close the account sometimes works. If a phone call is not effective, writing a detailed letter can sometimes help as well. It is essential for Australian credit card companies to be flexible with their customers so they can pay on time and not receive a lowered credit score. Negotiations can help with this, and are an important part of the credit process for both the issuer and the person receiving the line of credit.