By Adam Alexander

A lot of young people don’t know this.  If you ever miss a credit card payment, just ask them to waive the late fee.  Unless it’s a regular thing, there’s a good chance they’ll do it!

According to a new survey from, here are four things your credit card company will usually do for you if you just call them up and ask:

1. Waive a late payment fee.  Only 25% of us have asked, and it worked 87% of the time.  You just can’t do it all the time.

2. Up your credit limit. 28% of people have asked, and it worked 89% of the time.  Why wouldn’t they if you pay your bills!

3. Lower your interest rate. 19% of people have asked, and it worked 69% of the time.  Just make sure your balance isn’t close to the max!

4. Waive their annual fee.  Only 11% of people have asked for it.  51% had it waived, and another 31% ended up paying a lower fee.  So that’s an 82% success rate.  Really, if you are paying an annual rate, you probably aren’t reading this!

The survey did find it’s a little harder for young people to get a yes on all that stuff but once you hit your mid-to-late 20’s, your chances go way up.  93% of people between 27 and 36 who’ve asked for any of those four things have gotten a yes at least once.

It never hurts to ask!


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