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Eliminating or reducing annual fees or so late fees is regularly just a matter of asking.Many consumer fail to perform so, according to a brand-new study.Credit map holders additionally should save in mind that there is negotiating room as soon as it pertains to lowering their attention rates and also raising their credit transaction limits.

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Getting out of paying credit card fees is regularly just a matter of asking.

However, numerous consumers aren't law so, according to a brand-new survey from CreditCards.com.


In fact, 70 percent the those who asked to have actually their yearly fee waived or decreased were successful. Yet only 18 percent of card holders made this request.

Consumers were even much more successful when they asked for late dues waivers. Eighty-four percent of individuals who asked for a so late fee waiver were granted their many recent request. Yet just 29 percent of consumer asked because that these breaks.

"It's a stunner competitive time in the credit card space, and also banks are basically bending end backwards to attract brand-new customers and also retain existing ones," claimed Matt Schulz, senior industry analyst in ~ CreditCards.com.

A most credit card holders fail to ask for these deals because they didn't recognize they might or didn't think they can be successful, according to Schulz.

"If we can adjust people's mind collection about this, then us can aid people save actual money," Schulz said.


There room two other locations where consumers can likewise advocate for far better offers: higher credit limits, where 85 percent the those who made requests saw them granted; and lower attention rates, which had actually a 56 percent success rate for those who asked.

Petitioning for a greater credit border was many popular as whole with consumers, 43 percent of who asked for it. Yet, that is the one readjust on the perform that might hurt consumer the most when it comes to getting rid of their debts, Schulz noted.

CreditCards.com's digital survey was conducted earlier this month and included 2,194 adults.


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