How can I get a lower interest rate on my Apple Card?
My current interest rate is the highest possible. I make on-time payments every month.
iPhone 12 Pro, iOS 17
Question marked as
No, interest rates are determined by your financial history, credit report and other factors that helps determine your credit worthiness. If your circumstances have changed and you want to be considered for a lower interest rate, close your account, pay off your balance, wait 30+ days and reapply for a new account with your updated financial information. If your credit report has changed significantly and past issues have fallen off your report (usually takes 7 to 10 years) then you’ll be considered for a lower interest rate.
I know that sounds harsh, but that’s how major banks look at your financial information, credit report etc. I know it doesn’t sound fair, but that’s how large banks view the financial risk you present. I’m happy to answer questions and if I offend you, I’m truly sorry.