Can I Negotiate With My Credit Card Company?

YES and absolutely yes.  Credit card companies do not want to loose customers who pay their monthly bills on time and have been with the company for a long time.  Most times they will do everything within their power to accommodate your request, you just have to know what to ask. 

Don’t be afraid to ask for a lower interest rate.  This is one of the most beneficial things to negotiate with your credit card company.  On a high debt, a lower interest rate can save you thousands over the lifetime of the balance.  All you have to do is call the company and ask the credit card representative to lower your interest rate.  It’s that simple. 

Also, asking for a higher credit limit can improve your credit score in the long-term.  Having credit cards that are at their credit limit can lower your credit score, so increasing your limit, as long as you don’t turn around and increase the debt too, can have positive effects on your credit history. 

These options are valid reasons to negotiate with you credit card company.  Though it may seem intimidating at first, it is well worth it in the long term.  ■