How to lower your credit card interest rate just by asking.

Did you know you can lower your credit card interest rate just by asking? We were able to do this two times while we were paying off our debt. Here is what worked for us.

Tip: This works best if you always pay your bill on time, even just the minimum.

Starting with the credit card you have had the longest.

Call the issuer and tell them you’re looking to pay off your debt and that you would like a lower rate.

Maybe financially you’re struggling and you need a little wiggle room n your budget.

I’ve personally found that you’re going to get the best results in the daytime hours. I know that's not always feasible if you work traditional daytime hours, but this will yield better results.

Use a competitor

Another option is to use a competitor card to your advantage.

So say you have a Visa, see if you can find a Master Card with a lower rate.

Call Visa and tell them and see if they’re willing to match or beat that lower interest rate.

Talk to the right person.

The customer service rep likely can’t do much. Politely ask to speak to someone who can. Don’t belittle and DO NOT BE RUDE.

If they say no just take notes of the conversation and try again in a few months.

The worst they can do is say no.