Many odd facts on credit card application
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. Customers suffered no penalties if their credit card issuer refused to lower their interest rates. As long as you are polite as well as persistent, asking your credit card company to drop your interest rate offers you no risk and an excellent chance for success.