I've always paid my entire credit card off each month. It was something my mother stressed over and over again. Have a I been late on a payment before, yes. BUT it was because I forgot and missed the date. I saw this list, and I'm definitely going to call about the annual fee and the lower interest rate!
According to a new survey, here are four things your credit card company will usually do for you if you just call them up and ask:
- Waive a late payment fee. Only 25% of us have asked, and it worked 87% of the time. You just can't do it all the time.
- Up your credit limit. 28% of people have asked, and it worked 89% of the time.
- Lower your interest rate. 19% of people have asked, and it worked 69% of the time.
- Waive their annual fee. Only 11% of people have asked for it. 51% had it waived, and another 31% ended up paying a lower fee. So that's an 82% success rate.
The survey did find it's a little harder for YOUNG people to get a yes on all that stuff. But once you hit your mid-to-late 20's, your chances go way up.
93% of people between 27 and 36 who've asked for any of those four things have gotten a yes at least once.
Photo Getty