How not to Spoil Your Kids-Credit Card Leniency

It pays for consumers to reach out to a credit card provider when faced with unwanted fees and high interest rates. Matt Schulz, Senior Industry Analyst at CreditCards.com said 87% of credit cardholders who asked for a late fee waiver were successful and 69% who requested a lower interest rate received one. His organization’s study found that only about half of consumers have made any request at all for credit card leniency.