How to lower your credit card interest rate 1. Evaluate your current situation. Before you call the customer service number on the back of your credit card,... 2. Build your credit first if you need to. If you find your credit is less-than-optimal, you may want to work to build... 3. Find competing ...
Understand the credit card company’s perspective You can better negotiate if you understand what the bank or credit card company needs to see on its end to agree to your request. Sometimes a bank would need to ensure customers were lower-risk before agreeing to drop the interest rate. 5. Call and make your request
The good news: Credit card companies are generally willing to grant requests for lower annual percentage rates. A survey by CompareCards finds that in the past year, 81% of the people who asked for a better rate got one. The bad news: Only one in five cardholders made the request to their card company.