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When you have a high credit score that is at least over 700 points, you are in a position to negotiate with your credit card company concerning your bank's financial credit card. To get a high credit score you should use your credit card in a responsible manner. You can get a free credit report at several sites on the Internet.
These are some ways to leverage debt on a bank financial credit card.
- Negotiate a new lower annual percentage rate.
- Get a different account with better terms.
- Get fees waived.
Getting a balance transfer to a card with a better rate is another option for leveraging your debt on a bank financial credit card. This works well with good credit and a longstanding credit card account on which the interest rate is high. With a credit score of 720 and up, the interest rate should be no higher than 10%. When negotiating a transfer find out if there is a transfer fee and if the interest rate is only an introductory rate. You can leverage your debt on a bank financial credit card using these tactics.
