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    Avg. APR
Low Interest   10.37%
Balance Transfer   12.73%
Business   12.80%
Student   13.24%
Cash Back   14.91%
Reward   15.02%
Airline   15.46%
Bad Credit   22.73%
Instant Approval   28.00%
Updated: 2014-09-23
Source: CreditCards.com

Poll: Asking for better credit card terms pays off

By Martin Merzer
Published: September 23, 2014

A CreditCards.com survey finds few credit card customers ask for a lower interest rate or late fee waiver, but those who ask usually succeed

>> Read Entire Story
Credit Card News Categories
Recent News
Script to ask for a lower credit card rate --Want a lower credit card APR? You'll need to ask for it. These carefully chosen words can help in negotiations... (more)
Poll: Asking for better credit card terms pays off --A CreditCards.com survey finds few credit card customers ask for a lower interest rate or late fee waiver, but those who ask usually succeed... (more)
Average credit card debt statistics --Depending on how the average is measured and who's doing the measuring, Americans are either doing pretty well when it comes to managing our credit cards, or horribly... (more)
Putting credit card concierge services to the test --We tested these free services that come with some rewards cards and found them prompt and courteous. But you forfeit some control when you use them... (more)
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Low interest, zero percent cards
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Credit card interest rates remain at 15.06 percent for 3rd week --Sept. 10, 2014: Average credit card interest rates held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (more)
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Balance transfer, debt consolidation
Pay-it-forward givers sometimes provide debt relief --If someone does something nice for you, instead of returning the favor directly, you help someone else. It's called "paying it forward," and sometimes that help comes in the form of debt relief ... (more)
Rates remain stuck at 15.06 percent for fourth week --Sept. 17, 2014: Average rates on new credit card offers didn't budge this week, according to the CreditCards.com Weekly Credit Card Rate Report.... (more)
Angrily closing an unused card can hurt credit score --After applying for a new balance transfer card, only to discover the credit limit too small, he closed the account in anger and now wonders if he acted too fast... (more)
Is a personal line of credit right for you? --Personal lines of credit are becoming more common for bridging short-term gaps in cash flow. Compare them first with other forms of credit, though... (more)
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Instant Approval
Rates remain stuck at 15.06 percent for fourth week --Sept. 17, 2014: Average rates on new credit card offers didn't budge this week, according to the CreditCards.com Weekly Credit Card Rate Report.... (more)
Credit card interest rates remain at 15.06 percent for 3rd week --Sept. 10, 2014: Average credit card interest rates held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (more)
Credit card interest rates hold steady at 15.06 percent --Sept. 3, 2014: Average rates on new credit card offers held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report.... (more)
Credit card interest rates rise to 15.06 percent --Aug. 27, 2014: Average credit card interest rates rose this week for the first time in nearly two months, according to the CreditCards.com Weekly Credit Card Rate Report.... (more)
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Reward programs
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Frequent flier programs, airline rewards
Putting credit card concierge services to the test --We tested these free services that come with some rewards cards and found them prompt and courteous. But you forfeit some control when you use them... (more)
Rates remain stuck at 15.06 percent for fourth week --Sept. 17, 2014: Average rates on new credit card offers didn't budge this week, according to the CreditCards.com Weekly Credit Card Rate Report.... (more)
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Business credit cards
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Rates remain stuck at 15.06 percent for fourth week --Sept. 17, 2014: Average rates on new credit card offers didn't budge this week, according to the CreditCards.com Weekly Credit Card Rate Report.... (more)
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Credit card interest rates remain at 15.06 percent for 3rd week --Sept. 10, 2014: Average credit card interest rates held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (more)
Student credit cards, young credit
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Bad credit, credit repair
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Merchant accounts
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Emerging payment systems: Prepaid, debit, gift cards
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Credit account management
Script to ask for a lower credit card rate --Want a lower credit card APR? You'll need to ask for it. These carefully chosen words can help in negotiations... (more)
Average credit card debt statistics --Depending on how the average is measured and who's doing the measuring, Americans are either doing pretty well when it comes to managing our credit cards, or horribly... (more)
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New industry tools fight credit card fraud --Card issuers, retailers and other companies are coming up with a host of new tactics to try and stem credit card fraud... (more)
Research, statistics
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Average credit card debt statistics --Depending on how the average is measured and who's doing the measuring, Americans are either doing pretty well when it comes to managing our credit cards, or horribly... (more)
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New industry tools fight credit card fraud --Card issuers, retailers and other companies are coming up with a host of new tactics to try and stem credit card fraud... (more)
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Innovations, features, new products
Pay-it-forward givers sometimes provide debt relief --If someone does something nice for you, instead of returning the favor directly, you help someone else. It's called "paying it forward," and sometimes that help comes in the form of debt relief ... (more)
New industry tools fight credit card fraud --Card issuers, retailers and other companies are coming up with a host of new tactics to try and stem credit card fraud... (more)
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Don't be 'breakage' -- 7 tips to avoid losing gift card value --About $1 billion worth of gift cards will go unused in 2014. The industry calls that lost value "breakage" or "spillage" and it means big profits for them and lost money for you... (more)
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Shopping
Don't be 'breakage' -- 7 tips to avoid losing gift card value --About $1 billion worth of gift cards will go unused in 2014. The industry calls that lost value "breakage" or "spillage" and it means big profits for them and lost money for you... (more)
6 ways to outsmart data brokers --You can't stop data brokers from harvesting information on what you buy, how much you make and even how healthy you are. But you can limit what they see ... (more)
Buying a car with a credit card often an uphill fight --Using a credit card to buy a car could give you consumer protections and perks. But most dealers hate the fees that go with accepting plastic, so you might have to wheel and deal ... (more)
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Maxed out cards? Don't open another one --She's maxed out five credit cards and can't pay what she owes on them, but asks if it's OK if she can use the new credit card she got... (more)
Legal, regulatory, privacy issues
New industry tools fight credit card fraud --Card issuers, retailers and other companies are coming up with a host of new tactics to try and stem credit card fraud... (more)
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6 ways to outsmart data brokers --You can't stop data brokers from harvesting information on what you buy, how much you make and even how healthy you are. But you can limit what they see ... (more)
Expert Q&A
Putting credit card concierge services to the test --We tested these free services that come with some rewards cards and found them prompt and courteous. But you forfeit some control when you use them... (more)
Am I liable for my business' corporate card debt? --A small-business owner's responsibility for the company's credit card debt depends partly on the kind of card. Corporate cards and small-business cards treat liability differently... (more)
Odds slim when suing authorized user for unpaid debt --You can go after a used-to-be friend in court for not paying you back for charges on your card. You could also ask nicely or write it off... (more)
How leaving a tiny card balance each month affects credit score --Keeping the balance-to-credit ratio low, paying in full and on time is a better way to get the most from your secured card... (more)
Angrily closing an unused card can hurt credit score --After applying for a new balance transfer card, only to discover the credit limit too small, he closed the account in anger and now wonders if he acted too fast... (more)
Credit scores, credit reports
Average credit card debt statistics --Depending on how the average is measured and who's doing the measuring, Americans are either doing pretty well when it comes to managing our credit cards, or horribly... (more)
Odds slim when suing authorized user for unpaid debt --You can go after a used-to-be friend in court for not paying you back for charges on your card. You could also ask nicely or write it off... (more)
How leaving a tiny card balance each month affects credit score --Keeping the balance-to-credit ratio low, paying in full and on time is a better way to get the most from your secured card... (more)
Angrily closing an unused card can hurt credit score --After applying for a new balance transfer card, only to discover the credit limit too small, he closed the account in anger and now wonders if he acted too fast... (more)
Charge a lot? Pay early and often to avoid score damage --Even if you pay your balance off in full and on time each month, if you are charging close to your credit limit, don't expect a high credit score... (more)
All credit card news
Script to ask for a lower credit card rate --Want a lower credit card APR? You'll need to ask for it. These carefully chosen words can help in negotiations... (more)
Poll: Asking for better credit card terms pays off --A CreditCards.com survey finds few credit card customers ask for a lower interest rate or late fee waiver, but those who ask usually succeed... (more)
Average credit card debt statistics --Depending on how the average is measured and who's doing the measuring, Americans are either doing pretty well when it comes to managing our credit cards, or horribly... (more)
Putting credit card concierge services to the test --We tested these free services that come with some rewards cards and found them prompt and courteous. But you forfeit some control when you use them... (more)
Credit card debt statistics --Our team has compiled statistics on total U.S. credit card debt over the years, average credit card debt per cardholder and much more... (more)
The Credit Guy
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Maturing Loans
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Help! Our supplier is trying to change our payment terms --If a supplier is tightening credit, find out why and check your contract carefully. You may be able to fight the change or at least ask for the original terms as a courtesy... (more)
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When family members use 'secret' credit cards --Just who is responsible for the debt racked up by a spouse's secret credit card cache? 'Maturing Loans' columnist Klayman says it depends on several factors.... (more)
Sold the house, have some cash, now what? --Seniors who are downsizing need to pay off debt, create fixed-income investment income and have an emergency fund to cover financial surprises.... (more)
To Her Credit
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Be careful with inheritance, spending before bankruptcy filing --If you're about to file for bankruptcy, what do you do when you know you're about to inherit some money? Can you spend it?... (more)
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Wrong account info doesn't absolve debt responsibility --If your card account lists an incorrect Social Security number as yours, that doesn't give you a free pass on paying any debt you've racked up... (more)
Seniors vulnerable to credit card fraud --As people get older, even when they are intellectually still very sharp, it seems to become more difficult for them to determine who to trust and when... (more)
Opening Credits
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Credit card life after bankruptcy --After bankruptcy, issuers will be wary of lending to you. Applying for a secured card is a way to boost your FICO score and show lenders you can be trusted again... (more)
Cashing In
Putting credit card concierge services to the test --We tested these free services that come with some rewards cards and found them prompt and courteous. But you forfeit some control when you use them... (more)
Using points when holiday award seats are full --There are a number of creative ways to use credit card points or perks to travel cheaply during busy periods... (more)
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Credit card videos
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Credit Score Report
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Don't expect big score boost when unpaid debt falls off credit report --Is an old debt, charged off seven years ago, finally falling off your credit report? Sorry, but there's not likely to be a big rise in your score. It could even fall... (more)
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New Frugal You
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Should I close card accounts to get a mortgage? --While mortgage lenders want to minimize their risk, they usually just want credit card accounts paid off, not closed down... (more)
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Prepaying principal, paying ahead not the same --Your auto lender would probably prefer you just pay ahead, since that won't cost them anything. But if you want to lower your costs, prepay the principal... (more)
Infographics
Where do we bank? Wherever we want, says poll --A smaller percentage of consumers prefer Internet banking in 2014 compared to the previous year... (more)
Cardholder delinquency at lowest level in at least 7 years --Just 1.16 percent of American cardholders were 90 days delinquent, according to quarterly data from the credit bureau TransUnion... (more)
Big buys go on our credit cards, little ones on prepaid cards --We are more likely to use credit cards for bigger charges, and prepaid cards for smaller purchases, according to a 2013 report by the Federal Reserve System... (more)
Customers with overdraft protection pay quadruple in fees --People who opt for overdraft protection on their debit transactions pay a lot more in total fees than other checking account users... (more)
Americans' choice in noncash payment has become debit cards --Americans are increasingly opting for electronic payments and debit cards, a study by the Federal Reserve System shows... (more)
Breaking news
New industry tools fight credit card fraud --Card issuers, retailers and other companies are coming up with a host of new tactics to try and stem credit card fraud... (more)
Fed holds course toward rate hike in 2015 --The Federal Reserve indicated that it will keep interest rates at historic lows for the time being to support the job market, but higher rates are coming... (more)
Mobile payments raise consumer protection worries --Consumer advocates worry a mobile finance boom will make it easier to snoop on your buying habits, or even clean out your mobile wallet... (more)
Fed: Card balances rise for a 5th straight month --Credit card balances increased once again in July, marking the fifth straight month of rising card debt this year, the Federal Reserve said Monday... (more)
CFPB warns card issuers: Reveal costs of 0% promotional offers --No-interest promotions are costly for credit card users who lose the grace period and must pay interest on new purchases, regulators warned... (more)
Your Business Credit
Am I liable for my business' corporate card debt? --A small-business owner's responsibility for the company's credit card debt depends partly on the kind of card. Corporate cards and small-business cards treat liability differently... (more)
Don't travel? Opt for other business rewards --If you don't travel much for business or pleasure, there's no point in getting a small-business credit card that specializes in travel rewards. Instead, look for a cash-back card or one that earns rewards you can use... (more)
Will an ITIN help me get a business card without a personal guarantee? --Avoiding use of a Social Security number when applying for a small-business credit card is difficult. A few people may be able to use an individual taxpayer identification number, but most Americans can't get one... (more)
Can I pass on charge-back fees to my customers? --When a customer disputes a charge directly with the card issuer, the merchant gets hit with a charge-back fee. Technically, you may be able to pass that on to the customer but it's probably not good business practice ... (more)
How can I change our business's merchant category code? --The wrong MCC for a hotel can short circuit charging privileges for corporate credit card holders and cost the hotel business. To fix the problem, you need to understand how the codes work... (more)
Lets Talk Credit
Will making minimum payments damage my credit score? --Consistently making minimum monthly payments on a high balance is a dangerous habit that can damage your credit score if your financial situation worsens... (more)
How minimum payments are applied to small balances --Don't slip up and forget a credit card payment when the balance is almost paid off. A late fee could be larger than your minimum payment... (more)
0-percent balance transfer after debt in collections? Good luck --Balance transfer offers aren't lifelines offered to people with bad credit, they're a deal for those who maintain good credit... (more)
Tick-tock debt: Law gives 30 days to respond to collector --When a debt collector makes first contact, federal law gives you the right to seek verification of the debt and to dispute it -- if you act quickly... (more)
One mistake results in big credit score drop --A single mistake on a card bill caused a huge drop in a customer's score and highlights a credit rule: The bigger the score, the harder the fall... (more)
Speaking of Credit
How leaving a tiny card balance each month affects credit score --Keeping the balance-to-credit ratio low, paying in full and on time is a better way to get the most from your secured card... (more)
Charge a lot? Pay early and often to avoid score damage --Even if you pay your balance off in full and on time each month, if you are charging close to your credit limit, don't expect a high credit score... (more)
Closing 50 cards without damaging credit score --With an 800+ FICO score at stake, the account-closing strategy should be to take it slow and shut down the newest and smallest accounts... (more)
How closing cards and student loans affects FICO scores --Keeping cards active and paying loans on time is best way to maintain a strong credit score... (more)
Maxing out card might be worth temporary credit score ding --Maxing out your card will have a negative effect on your credit score, however, the potentially positive payment history might just be worth it... (more)