Why am I never getting charged interest on my credit cards?

How does the interest on my credit cards get lowered?

• I was just wondering how interest rates get lowered on credit cards? Why do some people have lower interest rates, and some have higher? I understand the whole difference between credit scores and that some people have better credit than others. But I know that every single person with a low interest rate on credit cards didn't "call and dispute with the card company until they lower the interest rate". So, how do they get it? Is it something the credit card companies monitor regularly and lower according to your credit improvement and such over the time? I'm 24 years old, my credit score is 750+. My cards have been allowed higher credit increases in very short times that I've had them, due to zealously paying them above and beyond the expect (and sometimes multiple times a month). None of the cards are charged up 1/3 of their limit..less than that. What things can I do to get lower interest rates? One has 22.24%. Not sure about the other two.

• Answer:

  I'm in the same situation. Here is what I found out. Recently I called one of my credit card companies to cancel a card I hadn't used for 4 years. I was transferred to a "Account Closing Rep" who tried to convince me to stay with the company. My current interest rate was 22% and he offered to lower it to 8% if I stayed. I almost decided to stay with them, but realized that paying in cash is always better than paying with credit. So maybe you just need to call and ask to cancel your card in order to get the interest rate lowered. Or you can just open a new credit account with another company and transfer your balance.