Many people suffer from credit card debts because of not having discipline and not knowing how to deal with interest rates. A study has been conducted to know how these people could actually lower their credit card interest rates. You might be surprised to find out that this study has shown that 57% of those who have called their credit card company (for the very first time) were able to get a lower interest rate instantly! This rate could be about 7-10 points lower than the present interest rate that they are paying for.

There are many factors that your credit card company considers for them to be able to assign a much lower rate for you. The yes only becomes possible when you meet the following criteria:

1. A good credit history-this means no late payments on your credit card, no negative notations on your credit bureau reports, and an impeccable credit score.

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