REQUESTING A REASONABLE INTEREST RATE

Personalize the form letter below by entering your specifics in the CAPITALIZED areas.
DATE

CUSTOMER SERVICE DEPARTMENT
CREDIT CARD COMPANY NAME
COMPANY'S ADDRESS
CITY, STATE AND ZIP CODE

Re: Request for lower interest rate on CARD NAME account NUMBER

Dear Sir or Madam:

I have been a credit card holder with your company for the last NUMBER years. My account is in good standing and I would like to continue using it. However, I would like you to consider giving me a lower interest rate on this account.

It has come to my attention that I am currently paying NUMBER percent on my NAME OF CARD while many other issuers are charging their customers far less. CITE SPECIFIC EXAMPLES HERE (YOU PROBABLY GET SEVERAL IN THE MAIL EACH WEEK), SUCH AS: I HAVE I HAVE RECEIVED OFFERS IN THE MAIL FROM YOUR COMPETITORS WHO ARE OFFERING WITH ME A LOWER APR IF I TRANSFER MY VISA ACCOUNT. XYZ MASTERCARD CHARGES 5 PERCENT, WHILE ABC VISA IS OFFERING 4.8 PERCENT.

I am also paying you a DOLLAR AMOUNT fee each year to renew my card. I would like you to consider eliminating or reducing this fee. AGAIN, IF YOU HAVE THEM, GIVE SPECIFIC COMPETING EXAMPLES: I HAVE RECEIVED OFFERS FROM OTHER COMPANIES WITH INTEREST RATES RANGING FROM 0 PERCENT TO 2.9 PERCENT FOR THE FIRST SIX MONTHS AND NO ANNUAL FEE.

IN THIS PARAGRAPH, LIST ADDITIONAL REASONS WHY YOU DESERVE A LOWER INTEREST RATE. FOR EXAMPLE: I HAVE PAID MY BILLS PROMPTLY, HAVE NEVER INCURRED LATE CHARGES, AND HAVE NEVER EXCEEDED MY CREDIT LIMIT. OBVIOUSLY, ONLY STATE WHAT IS TRUE; YOUR CARD ISSUER IS WELL AWARE OF YOUR CREDIT HISTORY WITH THE COMPANY.

For these reasons, not the least of which is my NUMBER years as a loyal CARD NAME customer, I am requesting a lower interest rate and asking you to waive my renewal fee. If you cannot comply, I will be forced to cancel my card with your company and to switch a credit card company that can give me better terms.

Please have a representative of CREDIT CARD ISSUER NAME contact me by phone at TELEPHONE NUMBER or by letter at the address below to notify me of how much you can lower my annual interest rate and whether my annual fee can be reduced or waived.

Thank you for your prompt attention to my requests.

Sincerely,
YOUR SIGNATURE
YOUR TYPED NAME
ADDRESS
CITY, STATE AND ZIP CODE