Student credit cards, a review
They dropped an average of five or six percentage points off their annual interest rate, and some of them got perks like zero percent interest for six months. One customer with an exorbitant interest rate managed to reduce it by more than half, encouraging news if you have a credit card for bad credit. If the credit card company refused the customers' requests, the customers suffered no penalties. As long as you are civil, requesting a lower interest rate is a risk free method of improving your interest rate with an excellent chance of succeeding. The same method can be useful for convincing your credit card company to waive your annual fee.