NOT ASKING YOUR CARD ISSUER FOR HELP
Eighty-five percent of credit card holders who asked for a late fee to be waived got what they were looking for, 70 percent got annual fees lowered or waived, and 56 percent got a lower interest rate, according to a CreditCards.com survey. But only one in four cardholders ever asks. “People have far more power with their credit card company than they realize,” Schulz says. “Competition among card issuers is incredibly high these days, and customer retention is a priority.”
