If you take a look at your most recent credit card statement, you’ll notice that your annual percentage rate is probably higher today than it was in late 2016. After the Federal Reserve meeting in late December, credit card companies quickly raised their interest rates.

You don’t have to just roll over and accept this higher rate, particularly if you have good credit. Getting a lower rate is as easy as calling your credit card company.
According to statistics, nearly 8 in 10 cardholders who asked for a rate cut received one.
Good credit is key here. Ask for a lower rate only if you have a good track record of paying your bills on time.