Sample letter to bank to reduce rate of interest for my CC accountaccording to sanction letter it was base rate 4% p.a i.e 14% please request for? Sample letter to bank to reduce rate of interest for my CC account according to sanction letter it was base rate 4% p.a i.e 14% please request for base rate. Write a request for an interest rate reduction. Credit card expert Leslie McFadden of Bankrate.com states that you must have a reason for wanting a lower interest rate, such as being unable to.
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Draft a brief letter making your case. Keep your letter to a page. Start by stating succinctly that you would like your interest rate reduced, and provide the rate you want. In the next paragraph, tell the credit card company why you believe your rate should be reduced.[24]
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