How do I negotiate with the credit card companies of the credit cards I have to lower the interest rate?

I just read an article on yahoo finance that said that the credit card companies will negotiate your interest rates if you ask. I have no clue how to do this or what to say. Any help would be great! =)

Public Comments

1. Some cards have ways that you can submit a request online. Otherwise, you could call a representative for the company and ask them yourself. If you have made your payments on time, there is no reason why they should deny your request.
2. You have to threaten to transfer your balance to another lower interest card, or to get a loan to pay them off. You should be able to get a non-secured loan at a bank for 9 or 10% if your credit is decent. Tell the card Co. that you are planning to do this unless they give you a similar rate, say 10%...
3. I called mine and told them I have offers for lower rates and they changed mine a little and I really mean a little...
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