Read about my passion for credit card applications
(Although customer service representatives are required to follow regulations, they have some leeway in how far they are willing to go for a given customer. ) Credit card customers who tried calling up their issuers and using this method were able to lower their interest rates more than half the time, for an average drop of 5 to 6 percent. Some customers got their interest rates lowered by half. 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.