Hello Everyone,
Just wanted to send this out to let everyone know it never hurts to ask a credit company to reduce your rate. I just simply asked Discover and they dropped my rate 1.75% points. Yes I know its not much, but its nice to know if I ever get thrusted into a bad situation at least it will be a little better on down the road. Especially with the holidays soon to be upon us it seems even the stringest of lenders are bending over backwards. Good luck to anyone who asks.
Disclaimer: I've been a perfect Discover customer for a year and have attempted this multiple times before with no prior success. I suspect this was because I was under 700 by a hair and also under a year with Discover. Now though thanks to some large credit line increases I'm north of 730 
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@Anonymous wrote:Hello Everyone,
Just wanted to send this out to let everyone know it never hurts to ask a credit company to reduce your rate. I just simply asked Discover and they dropped my rate 1.75% points. Yes I know its not much, but its nice to know if I ever get thrusted into a bad situation at least it will be a little better on down the road. Especially with the holidays soon to be upon us it seems even the stringest of lenders are bending over backwards. Good luck to anyone who asks.
Disclaimer: I've been a perfect Discover customer for a year and have attempted this multiple times before with no prior success. I suspect this was because I was under 700 by a hair and also under a year with Discover. Now though thanks to some large credit line increases I'm north of 730
Well done!
I had a similar experience with AT&T Universal/Citi Card. I called, requested a rate reduction and they lowered my rate 1.8%. I've had the card 25 years. It is unfortunate CC issuers don't adjust your rate "automatically" when credit improves - you have to ask. I always PIF ... but you never know.
Congrats on the excellent APR reduction! 
