As far as your words can be understood, your bank decided to profit from your request and offered to close the present account with higher percentage rate and open a new one, with a lower APR. In my view, this is a trick, as they can charge you for closing the account and for opening a new one, or for something else. I have really no idea about what they meant by opting out, as this term is usually used when speaking about stopping pre-approval credit cards from coming to your mail. If you really want the current credit card with the current bank, but with a lower APR, you have a right to ask the bank to lower it, but if they deny, you can say you will change the bank for a better one, and they can agree in order to keep you as a customer. If you are not satisfied by the results of negotiation, feel free to change the credit card provider. Best, Manager of Immediate Credit Card Care Service

If you have good or excellent credit history, consider the cards with 0% APR on purchases. This would help you save on interest. You may consider the following credit deals that provide 0 interest rates for the extensive period of time.

With Capital One Platinum Prestige, you can save a lot on interest. It offers 0% APR on purchases and balance transfers, plus low ongoing rates. It comes with no annual fee, so you don't have to pay extra for the maintenance of your new card.

Blue from American Express ® also has no annual fee and 0% APR on purchases for 12 months. If you want to earn rewards points on your purchases, consider Capital One No Hassle Points(SM) Rewards that offers 0% APR until October 2009, low ongoing rates, no annual fee. The best thing about this deal is that it allows earning rewards points on your purchases.

Check through these deals and choose the one that suits your payment needs the most.