40 Prominent Finance Myths Debunked

7. Getting Fees Reduced or Credit Limit Increased is Impossible

If you want a lower interest rate, there is a way you can make that happen. It never hurts to call your credit card company’s customer service line. Tell them that you have received several offers from their competitors that make you want to switch to another company.

Ask your credit card provider what they can do to keep you as a customer. This can also help to get your credit card limit increased. Be advised that those with poor behavior like maxing out credit cards, having bad credit, and skipping payments will not have much luck with getting fees reduced or their limit changed.