 TITLE: How to Lower Your Credit Card Interest Rate CONTENT: Have a Strategy Before You Call\n-------------------------------\nWhen you've compiled your evidence and are ready to make your case, start calling your card issuers one by one, using the customer service number printed on your card. There's no need to plan every word you'll say, but it's a good idea to have a general outline of what to say and do:\n*   Give the customer service rep a brief recap of your history with the company: how many years you've been a cardholder, how long you've been making monthly on-time payments, and so on. Tell them you're seeking an interest rate reduction, and briefly state the reasons you think you deserve one (credit score improvements, offers you're receiving for cards at lower rates, financial hardships and the like).\n*   If the rep tells you they can't change your interest rate, ask to speak to a supervisor who might have greater authority. Be polite but firm and persistent. Negotiating your interest rate is a perfectly reasonable thing to do.\n*   If you're told a rate cut isn't possible, consider asking for a temporary reduction. This can be an especially effective and helpful tactic if you're seeking relief from a financial setback.\n*   Consider telling the issuer you'll cancel the card if they're unwilling to work with you—but only if you're prepared to follow through on that promise. Note that the account will need to be paid in full before you close it, so this approach may ring hollow if you have a high balance on the card. Also keep in mind that cancelling a card reduces your total borrowing limit and will increase your overall utilization if you have outstanding balances on any other cards.\nTake careful notes during each call, recording the date, time and names of any people you speak to. If your efforts are unsuccessful, you can plan to try again in three to six months, and your notes may come in handy. END