Call your credit card company and ask for a decrease on your interest rate.  Most will do this if you have a record of paying on time.  While you’re at it, call all places you have credit and ask for decreases.  Don’t forget your home and auto.  It’s unusual for the first person you get on the phone to say yes.  Ask for a supervisor, or for the person that has the authority to grant your request.

I have a trick that usually works very well when I call an organization with a complaint or an unusual request.  I tell them I am willing to tell my “story” twice.  Once to them, and the second time to the person that can offer me the solution.   

Be prepared before you call.  Find out what competitors are charging.  Know your payment history and credit rating.  Tell them you enjoy doing business with them, but that you need a decrease in your interest rate or you will explore other options.  

Many of our clients are surprised at how many will actually lower the interest rate by one or two points.