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Step 1
Research the interest rates available to you. Gather any credit card offers you've recently received with lower interest rates than your current card. Compare the interest rate on this card to other cards you have and make a note of those that are lower. Know your payment history with the credit card company and take note of how many timely payments you've made.
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Step 2
Call the credit card company using the customer service number on the back of your card.
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Step 3
Tell the representative that you've received credit card offers, or have other cards with lower interest rates than the one on their card. Ask what they can do to lower your rate. The representative may tell you that they can lower it by a few percentage points, or may be unwilling to do anything.
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Step 4
Remind the representative of your positive payment history with the company. If they still won't do anything for you, do not hang up with them.
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Step 5
Ask to speak to a supervisor or manager. Often, when you provide the same information to the next person on the chain, they will be willing to work with you to lower your interest rate. If they are still unwilling to work with you, thank them and end the call. Make a note of the date you called.
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Step 6
Call back in two months to try again.
