Negotiate a Lower Credit Card APR with This Script
Adam Rifkin stashed this in Personal Finance
"Hello. Lately, I've been really having to stretch my finances to make the monthly payments on this credit card, and I need to reduce the interest rate somehow. It would be convenient to keep the balance on this card, but I have some other options that could really save me some money - a zero interest balance transfer offer is sitting right here, for one. Could you reduce the interest rate on my account to, say, 9.9%?"
Script 2: LearnVest offers a checklist and script for convincing your credit card company to lower your APR, from gathering offers other companies mail you to asking specifically for a "credit account specialist" when you call.
Be polite yet firm, and ask open-ended questions instead of any that can be easily answered with a "no." Case in point: "Do you think that you can lower my interest rate?"
Consider using this script:
"Hi, my name is _____. I've been a good customer of (current credit card company) for (number of years), and I make my payments on time, but my APR is too high. I have offers of (x) from (competing credit card company A), and (y) from (competing credit card company B). I've had a good experience with you, but I'm considering switching. I would like to have my APR lowered." [Note: Ramit Sethi has also gotten good reviews for the script included in his book, which is also available via this $1.99 iPhone app.]
If they offer you just a point lower, but don't get you to your target rate, say, "Can you do any better?" If it's the best that they can do, move on to the next step [talking to a supervisor].
Source: I Want to Negotiate Down My Credit Card APR | LearnVest