Credit card applications, an in-depth review
Some were able to get their interest rates halved. That is a significant reduction and remarkable savings, especially when you have an interest rate as high as the rates typical for a credit card for bad credit. Your credit rating and the length of time you have been with your credit card issuer will be two of the most important factors in determining whether you will be able to get a rate reduction. If your credit rating is poor, emphasize how long you have been the company's customer, how you have regularly paid your bills by the due date, and the small percentage of your credit line you are currently using, since these are other important factors that the credit card company will take into account. So phone to ask your credit card company for a better interest rate, and be polite but persistent.