Credit card application, a primer
Some were able to get their interest rates halved. That is a considerable reduction, especially if you have the kind of interest rates associated with a credit card for bad credit. Your credit rating and the length of time you have been with your credit card issuer will be two of the most important factors in determining whether you will be able to get a rate reduction. If you have bad credit, focus on how long you have been a customer, how regularly you have paid your bills on time, and the comparatively small percentage of your credit line you are using, since all of these are also factors in whether your credit card issuer is willing to give you a break in your interest rate. So call to ask your issuer to lower your interest rate, and be friendly but persistent.