According to a new survey by CreditCards.com, here are four things your credit card company will usually do for you if you just call them up and ask:
1. Waive a late payment fee. Only 25% of us have asked, and it worked 87% of the time. You just can’t do it all the time.
2. Up your credit limit. 28% of people have asked, and it worked 89% of the time.
3. Lower your interest rate. 19% of people have asked, and it worked 69% of the time.
4. Waive their annual fee. Only 11% of people have asked for it. 51% had it waived, and another 31% ended up paying a lower fee. So that’s an 82% success rate.
The survey did find it’s a little harder for young people to get a yes on all that stuff. But once you hit your mid-to-late 20’s, your chances go way up.
93% of people between 27 and 36 who’ve asked for any of those four things have gotten a yes at least once.