Call your existing creditors and speak pleasantly but assertively. Phrase your request for a lower interest rate as a statement rather than a question that requires a "yes/no" answer. For example, instead of asking, "Will you lower my interest rate by 5%?," begin your request with a statement such as "I'm calling to request that you lower the interest rate on my credit card from 18% to 13%."
Hint to the company representative that you have other credit cards that you can use instead of theirs and, if you have a good credit history over time, include this as a "selling point" in the conversation as well. If the first company representative that you speak to says no, ask to speak with his or her supervisor. Many credit card companies will reduce interest rates, at least temporarily, to avoid the expense of having to replace an existing customer with a new one.
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