Regarding Account Number: ____________________
Dear
Creditor Name:
As you know, I have been a loyal customer of yours for many years. Recently my financial situation has improved and I am aggressively paying off credit card debt that I have been carrying for years.
As a result of the numerous low interest offers that I am receiving, it has occurred to me that my credit rating and my improved financial situation have finally afforded me better interest rates on my existing debt.
I acknowledge your extension of credit to me and am grateful that you have provided me with credit over the years. Your card is useful and I would appreciate remaining a long-term customer of yours.
Therefore, I respectfully request a lower interest rate on my account. While the promotional rates that I have been offered are for zero percent, I am only asking that you match the permanent interest rate offer that I have been approved for, which is currently
9.24%.
While a balance transfer is an easy and immediate solution for a lower interest rate, I did want to acknowledge our long-term relationship and provide you with the opportunity to match market rates. I will give you 30 days to make the appropriate adjustment to my rate before I will entertain any of my other offers.
Sincerely,
Cardholder Name