Best credit cards discussion
However, the high interest rate is not necessarily permanent. Regardless of whether you have store cards, student cards, credit cards for bad credit, or any other kind of credit card that is saddled with an inconveniently high interest rate, there are ways to negotiate better credit card terms. First, try phoning your credit card company and simply requesting that they lower your interest rate. A national survey found that 56 percent of the time, credit card companies offered lower rates to customers as an incentive to not switch credit card companies if the customers telephoned to say that they had gotten a better offer and were planning to leave. Credit card companies were willing to reduce their annual interest rates by an average of five to six points, and often offered additional incentives like zero percent interest for six months.