The majority of consumers who asked their card issuer in the last year to waive a fee or reduce their interest rate were successful in getting a break.
div > div.group > p:first-child"> While most cardholders have not requested a break on either interest rates or fees recently, the majority of those who did ask were successful, a new survey shows.
"I was surprised that the chances of success are sky-high for every break we asked people about," said Matt Schulz, chief industry analyst at CompareCards.com, which polled more than 1,000 people for its survey. Since 2016, the Federal Reserve has made eight increases to a key interest rate that affects consumer debt. It recently indicated that rates won't move higher this year unless economic conditions change.
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