How do you negotiate a lower interest rate with a creditor?

I just suggested to a person that they negotiate a lower interest rate with a creditor, and I know it's possible. But I'm not sure how to do it. Has anyone ever been able to renegotiate a higher interest rate into a lower rate? How did you do it?|||You call. You say I'm interested in finding out if there is anything you can do about my current APR.





That's it.





If they hem and haw, say you got an offer from another credit card company for 0% APR for the life of the transfer. That usually gets them moving.





Bear in mind though, that you should at least have been making minimum payments for some time. They will work with just about anyone but the better you are in paying your bills, yet keeping a balance, they better off you will be. They don't want you to take your money elsewhere, but they do want to be sure they are going to see some of it someday.|||If your credit is good and you have made your payments on time call them and ask. If they say no tell them you want to cancel your card. They will ussually change it but only if you have a good credit score