It is an unfortunate reality that as a result of the financial recession that our country has faced over the past few years, several Americans have found themselves dealing with charge card account debt. The worst part about it is that quite a few of these people feel as though they must pay the high interest rates that they are being charged on their charge card accounts. Thinking that banks are these all mighty companies that don’t really care about Americans, several of these people feel trapped in a box when it comes to their debts. Well, the good news is, I’ve got a great way to reduce your charge card account interest rates.

The simple fact is that if credit card account companies really didn’t care about Americans, they would have never become so profitable. With that said, credit card account companies are much like mom and pop shops. Although their client base is a bit bigger, just like these small shops, charge card account companies rely on a reliable client base! This is you. With that said, charge card account companies simply don’t want to loose your business. Here are the steps you should follow when asking for lower charge card account interest rates:

Step 1: Get Prepared: As with anything in life, when it comes to working with credit card companies, preparation is key. To prepare for negotiating lower charge card interest rates, people should first make a list of all of their credit cards. This list should be ordered from the highest interest rate to lowest and should include the lenders name, customer service phone number, account number, balance and interest rate. Also, go to JEMCreditCards.com and brush up on the balance transfer credit card accounts that you may qualify for.

Step 2: Make The First Call: Using the lists that they have created, people should call the banks that carry their charge cards with the highest interest rate. Once consumers get to a live representative they should say, “Hi, I’m calling because I was going over my credit automobile accounts and noticed that this one currently carries the highest interest rate. I like the card and rewards but I can’t see myself paying such a high interest rate with so many balance transfer offers available to me. Is there anything you can do to help me to reduce my interest rate?”.

At this point, the representative from the credit card account company will place the consumers on hold. When the representative comes back, they will have one of 3 responses:

Response 1: “Congratulations you qualify for a lower interest rate, your new interest rate will be…and it will be placed into effect as of…!”: If people get this response, they are done and should simply wash and repeat the process with the next charge card until they have worked with them all!

Response 2: “Unfortunately, you do not qualify for a lower interest rate”: If people get this response, they should take a note of it and continue with the rest of their charge card accounts.

Response 3: “I will need to transfer you to another department”: If Americans get this response, they should simply say the same thing to the new representative in the new department.

Step 3: Transfer Balances: Once consumers have spoken with all of their charge card companies, they should go to JEMCreditCards.com to learn about reducing interest rates with balance transfer charge cards for those who refused to reduce the rates!

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