Lower Credit Card Interest Rates: To get a lower credit card interest rate, it may be as simple as making a phone call, or by using your credit history or equity in a home or auto. Consider these solutions:

1) If you've consistently paid your credit card bills on time and have established yourself as a good customer to your credit card issuer, it is easy to get a lower interest rate. Simply call your credit card issuer (most have their 800 phone number printed on the back of their credit card). Politely explain that you have been a good customer, that you pay all your credit card bills on time, and ask them to lower your interest rate. Tell them you want to continue using their credit card, but if they cannot lower the rate you will consider balance transferring to another credit card and closing the account you have with them. This leads to option 2 below:

2) If you have indeed been a good customer, and if your credit score qualifies, you may be able to obtain a credit card from a different issuer with a lower interest and a 0 intro balance transfer option. Just be sure that the new card issuer will allow you to transfer 100% of your existing balance, and does not have a transfer fee or a transfer limit less than your balance. Also be sure of any requirements to maintain the 0 intro (do you have to pay a certain percentage of the balance within a short time frame, or will the transfer prevent additional charges until the transfer balance is paid off?).

3) If you have equity in a home or auto (even if you still owe payments), consider refinancing your home or auto to obtain an equity cash loan. You can then use that loan to pay off credit card balances. Next, consider closing those credit card accounts, or phone the issuer (as described in Option 1) to have the interest rate lowered. If you previously didn't qualify for a 0 intro balance transfer card (as described in Option 2), you may qualify after you paid off the balance with your equity loan.