If you are stuck with a card that charges the interest rates that most companies charge (up to 30% or more), then you will know how hard it can be to repay your debts. The bets tactic to staying debt free is getting a card whose minimum amount you can be able to raise. This will in most cases mean getting a card with lower rates of interest.

You will never know until you ask.

If you just tried and the company agreed to lower your rates, you will get enormous saving s throughout the remaining life of the card that you own. Just give your company a call and try.

What things will better you Chances of getting the rates decreased?

• It’s the first time that you have requested that the interest rates be changed for that card or after very long.
• Your card history is impressive.
• Your monthly repayments usually exceed the minimum balance.
• You credit score is good.

Incase they turn down the request?

The company may only require a little convincing to allow you a rate decrease. You can tell them that you will transfer the balance to a lower interest card. In this case, the company will do as much as it can to retain you.

You can better your credit score and then revisit the issue after six months if the company maintains its position. During this time, ensure that you make all payments in time and don’t get minimum balances.