Many Americans are leaving money on the table when they could be saving hundreds of dollars annually by refusing to call their credit card providers and requesting a lower annual percentage rate, or APR. Although up to 79% of such requests are usually granted, studies show that most Americans don’t take advantage of this for various reasons. Some people feel uncomfortable negotiating, some don’t know that this is possible, and others simply don’t care enough about their spending to worry. While the annual percentage rate is not an issue for credit card users who either pay off their entire balance or never incur late fees, this still remains a great deal for most people to take advantage of. In order to do this for yourself, you simply have to pick up the phone, and ask.
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Almost 8 in 10 Cardholders Who Try This Money-Saving Move Are Successful