Interestingly, yes you can. In America for instance, people are encouraged to negotiate with their Credit Card Company and the reason is very simple. The people who own these cards love money. Especially if they have loaned it via a Credit Card and now they see there is no way they are going to get it back unless they play ball to some extent with potential bankrupts. If you go declare bankruptcy then there is a big chance they will never see any of that money again.
In their anger, they may decide to slam you with a black mark which will limit you severely in what types of cards you may be able to apply for later on, when you get out of the bankruptcy. The time that black mark will exist may range from a few years to never being able to get a credit card from anywhere again. Scarey stuff, right? And unfortunately it is not just the current manager who can keep the ban going. Once you are in the system, you are stuck there.
So it makes a lot of sense to try to come to an arrangement with the Credit Card Company you have your card with. If nothing else, which is rare indeed, it will at least take some stress of you for a moment or two. These people are human, the same as you. And may also have had the same problems as you. It is wise to remember this. The nerves settle immediately. Just don’t take the tone that you know they have been in your boat.
Check the back of your credit card. There you should find the information you need to contact the company. But before you do that, have some bargaining power with you. If you have a lot of credit cards, you probably have offers from those companies for interest rates. Find the ones that are lower than the one you are bargaining with and have them ready to quote. Then phone the company and get ready to talk.
When you get through, ask for the supervisor of the credit card division. You’ll probably be fobbed off onto a million call buttons, but stick to your guns. Press all these buttons if you have to, but eventually you should end up with the supervisor. This is not just being a large pain in the neck. The supervisor can do a lot more for you than a customer service rep is allowed to do. They are much further up the food chain usually, so these are the people you really need to speak to.
Explain your problem and tell them what you are looking for, which is a decrease in the interest rate on your card. If they are quite happy to discuss it, keep your other offers hidden unless you really need to produce them. If the rate you are offered is not very close to, or is, zero rate, then make it plain you have these offers for zero interest elsewhere and you will be quite prepared to shift your balances elsewhere if it is not possible to match these offers. But make it gentle at first.
Of course, their generosity will be matched against your credit card debt and your credit card repayment history. If you have a lousy repayment history, you may not be able to get the level of interest down to zero. But anything is going to be better than nothing and at least the company will believe you are going to play fair with them, so they will see they are going to get some of their money back.