Getting a lower interest rates on the credit cards you have isn’t as difficult as you might think.

Try these simple steps:

  1. Call institutions and companies at which you have existing credit card accounts. Ask them to convert your account to the lowest available rate. Ask them to consider your payment history and longtime customer relationship. It would be helpful if you paid your payments regularly on time.
  2. Search for another credit card company with better rates if your existing credit card company cannot satisfy your request. Look for solicitations in the mail, contact local banks, check online or search. You can even contact either or and ask for a list of preferred issuers.
  3. Contact credit card companies in which you are interested and ask for an application. Ask whether you can send an application by phone, fax or the Internet.
  4. Once you complete and return the application, you should have an answer within 10 business days. Call them if you haven’t heard anything - the squeaky wheel gets the grease.
  5. If your application or request is denied, the credit card company is required to give you an explanation in writing. You are also entitled to a free copy of your . Your denial letter should explain how you can obtain this. If it does not, contact the credit card company directly and ask for assistance.