Credit cards are a necessary item for most people. It makes it far easier to go ahead and rent a car, book travel and even to know you are protected from fraudulent charges when you are traveling. A credit card is something you should have for things like this, but not everyone has one. Why not? Credit cards often come with a high interest rate and many people don’t trust themselves to use their cards wisely. They are afraid that having access to a card will ruin their finances because of the interest rate. Finding a lower rate is not always possible for some people, but we have a way you can get a lower rate without changing cards or even threatening your current card company.
Just ask. One of the simplest things you can do is call your credit card company and ask them to lower your rate. Be kind and honest. Tell them that you have to have a lower rate because you are finding it difficult to afford your card. Tell them you don’t want to switch to a new card, but that you might have to if they are not working with you. If you are a good customer, most card companies will do what you ask and lower your interest rate. Just remember to be kind even if they tell you no. if you have to get a new card, then they will suffer the loss after not helping you out.
At the end of the day, your creditor wants to keep your business. If you are a good customer, pay on time and keep your end of the deal, your card company is more likely to work with you. All you have to do is ask; the worst they can say is no. It’s simple, but usually very beneficial.
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