Lower Annual Percentage Rate (APR) & Building Credit?
I just started building credit and was wondering how long OR how much credit history you need to have established before a credit card company would consider lowering your APR?
Also, does it affect your credit score (when trying to establish credit history) if you cancel a credit card – balance always paid on-time – and apply for a lower interest card after having the initial card less than a year?
This is my first card at 0% interest until Dec. at which point it goes to 16.75%. It would be nice to have found a card that offered a better rate, but I had to take what I could since I had no credit history!