Yes, it’s that simple! You can negotiate a lower rate by calling your credit card company or loan lender. With this method, most people who try are successful. This is the most straightforward option, and it’s often overlooked.
If there are several cards that you’d like to negotiate, start with the one you’ve had the longest. Starting with your oldest debt or line of credit might work best since they’re more likely to trust you.
You’re asking your lender for a favor, and no one wants to help someone who is rude or demanding. Be kind and remember the person on the other line is just doing their job.