Secured credit cards An online exploration
However, you can do something about the interest rate. Regardless of whether you have store cards, student cards, credit cards for bad credit, or any other kind of credit card that is saddled with an inconveniently high interest rate, there are ways to negotiate better credit card terms. First, try calling the issuer and simply asking for a better interest rate. According to a national survey, when credit card customers called their credit card company, said other companies had offered them lower interest rates, and told their current company that they were going to switch, 56 percent of the time their current company offered them lower rates as an incentive to stay. Credit card companies were willing to reduce their annual interest rates by an average of five to six points, and often offered additional incentives like zero percent interest for six months.