Ask for a Lower Rate (Ask Again Later if They Say No)

A few months ago, Logan looked at the interest rate on one of her cards and said something along the lines of, “This is just getting ridiculous,” and I told her, “Why don’t you call them and ask to get your rate lowered?” Sometimes, it’s that simple. (Our friends at Credit.com say: Ask. Ask again.) She called, she asked, she was transferred to a supervisor, she was eventually offered a quarter of a percent lower — which seems insignificant, but it’s something. As the saying goes, “You don’t get what you don’t ask for.”

Photo: Daniel Oines

Support The Billfold

The Billfold continues to exist thanks to support from our readers. Help us continue to do our work by making a monthly pledge on Patreon or a one-time-only contribution through PayPal.