Reply #10: SInce you were only a day late on the payments, it would be worth a try to [View All]

[kath]

call them on the phone and ask nicely if, since you were only one day late and have otherwise been a good customer for X number of years, they would consider keeping you at the 10% rate. If they hem and haw a bit, explain that you are not willing to pay the 15%, so you would make no new purchases on that card, pay off the balance at 10%, and find a lower rate than 15% elsewhere. Ask nicely to speak with a supervisor if the first person you reach is being stubborn...

You'd be surprised how much good a phone call can do you - I've had overlimit fees waived several times on my Visa card, had a late fee waived on my GapCard, etc.

If you have a decent credit rating, you really should be able to find a card at less than 15%,

Good luck! And definitely make that phone call.