Credit cards What you need to know
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. The first and best trick to try is merely to call your credit card issuer and ask them for a better interest rate. A national survey discovered that customers who just called their credit card company and stated that they had gotten better offers from other companies and were planning to switch succeeded in getting lower rates 56 percent of the time. Customers lowered their annual interest rate by an average of five to six points, and some companies offered them perks like no interest for half a year. One customer with an exorbitant interest rate managed to reduce it by more than half, encouraging news if you have a credit card for bad credit.