Reduce the APR on Credit Cards

Not many know this simple method for reducing the APR on credit cards. Most credit card companies are willing to negotiate. By making a simple phone call and asking if they will lower your APR, you may save yourself a good bit of money. I do this about once a year and have never been denied.

Your account needs to be in good standing and if you have other credit cards that have a lower APR don’t be afraid to tell them. Competition is a good thing!

While negotiating, be tactful and polite. You may need to ask to speak to a supervisor. The worst thing that can happen is hearing a “no, we cannot lower your APR”, but if you don’t try, you’ll never know how much you can save.

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