7 Tips for Asking Your Credit Card Company for a Better Rate ...

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Asking your credit card company for a better rate decreases how much you pay in finance charges each month;

and if you're looking to pay off your credit card balance, a lower rate can speed the process.

Unfortunately, getting a better interest rate is much easier to say than do.

You can ask your credit card company to reduce your rate, but they don't have to comply with your request.

For that matter, you'll need to sharpen your negotiating skills.

Here are seven tips for asking your credit card company for a better rate.3

1. Compare Your Current Rate with Your Other Credit Cards

Before asking your credit card company for a better rate, check the interest rate that you’re currently paying on your other credit card accounts.

If your other credit card companies charge much less, chances are that you meet the requirements for a reduced interest rate.

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