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lower your credit card apr

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Hey everyone, 

I was listening to Tim Ferris' podcast today and it was on negotiation. It was a great podcast and I recommend it highly to negotiate your rates for not only your credit card rates - but for cable, rent, cell phone bill, etc.

After listening, I immediately called Cap 1 and said that I have been a member for 8 years and I have never missed a payment. Can you please help me out and lower my rate on my card? Just a simple statement and asking politely got my rate reduced from 16% to 8%. That's pretty awesome and it took less than 10 min. I am going to start doing this for everything. 

I was just thinking, the worst thing that could happen is them saying "no." Might as well try and see what happens.

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