Ramit Sethi shares a 20-second script to call your credit card company and ask for a lower APR. Mention your on-time payments, aggressive debt payoff, and competing offers. Ask for the retention department and try again later if they say no.
You can sometimes negotiate a lower APR on your credit card. Here's an exact word for word script that you can use when talking to your credit card company. Tell them, I've been on time with my payments for the last year, I'm making an aggressive debt payment and I'd like for you to lower my apr. Other cards are offering me much less than what you are. What can you do? You might get put on hold, you might get transferred around. You might want to ask for the retention department, but chances are they may not want to lose you as a customer. Now. It doesn't always work. If they say no, it's fine. Try calling back in a couple of months, but otherwise pay your debt. The faster you do this, the faster you will have extra money to save, invest, and even spend on the things you love.
