Call your credit card issuer today and ask for a lower interest rate.
Most cardholders never request a reduction because they assume rates are non-negotiable.
Industry surveys show over 70 percent of cardholders who ask for a lower rate receive one immediately.
Dial the customer service number on the back of your card. Use this exact phrase when speaking to representative.
Say you have been a loyal customer and want your APR lowered to match current competitive offers.
If the representative hesitates, politely ask to speak with customer retention.
A five percentage point reduction on a $5,000 balance saves over $250 annually in interest charges.
That single ten minute call provides an immediate guaranteed return on your effort.
Have you tried this? What happened?
