After 3 trys I got Capital One to lower my rate from 14.9% to 9.9%. They told me that the 14.9% rate was the market rate for my city and then that I did not have enough history to qualify for a rate reduction. I finally paid my balance in full. I wrote a letter giving them until July 31, 2003 to lower my rate or I would cancel my card. They called me today to advise me that my rate would be lowered immediately. I guess persistence does pay.
I heard of people canceling thier cards due to high rates and low limits. The Credit card company calls back after a month and gives you what you want. ... I definately believe you!!!!!
