Quote:
Originally Posted by Engine09
Have a question about my BMO Airmiles Mastercard, been using this card for 15 years at 19.99%
It expires this month so I called in to ask them to lower the interest rate, they flat out said no, this is a standard rate.
I asked to talk to a manager or someone in retention then the call magically disconnected while I was on hold again.
Any truth to this? Do they simply not budge on the interest rate of some cards?
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I could see it being true, but I cannot understand why you'd try to get a reduction in interest rates on a card.
You're better off asking if you can get other complementary credit perks/upgrades and also calling the bank to increase your LOC/HELOC limit rather than reducing the interest rate on a CC.