Lower Interest Rates on Your Credit Card

This article will tell you how to lower your credit card interest rates. It's a move that can save you a lot of money over time.

Steps

Call your Cut-Credit-Card-Debt company and tell them you want to cancel your account, will make no more purchases on your card, and will continue to make payments until the card is paid off.
Continue to insist that you really do want to cancel your account despite how aggressive they become on the phone. You can even say that you recently got a new card with a lower rate and will only be needing that card.
Hold your ground until they offer you a lower rate. If they don't, be sure to suggest that a lower rate may encourage you to keep your account with them...but this is a last resort.

Be ready to carry out your threat to cancel your card. Your current company does not want to lose you as a customer. Just keep reminding yourself that there are plenty of other credit card companies who'd love to have you sign up with them and who will be willing to offer you a low teaser rate to get you to do so. Then when their teaser rate expires, be ready to go through the whole game again until somebody agrees to give you an attractive, permanent rate of interest.
You may feel powerless against the big, multinational credit card companies until you remember that you have the power to walk away. It's more expensive for them to find a new customer than to lower the interest rate for a current one. You have the power.
The interest rate on your card doesn't matter if you pay off your card's balance in full every month (because interest is charged only on the unpaid balance at the end of the month). The only way to make your card work for you rather than against you is to do just that: pay off that balance every month. Carry nothing forward from one month to the next. And while you're at it, find a card that offers a generous rewards program. With a card like that, you'll be way ahead when you pay the balance off every month.