Could you save money on your credit card bill just by asking?

Could you save money on your credit card bill just by asking?: Just picking up the phone may help you save a lot on your credit card bill.

"Really what it comes down to is what my dad likes to say which is that it never hurts to ask because the worst thing that can happen is they'll say no, but if they say yes, really good things can happen," said Matt Schulz, a senior industry analyst with

A new survey from finds 85 percent of cardholders received a higher credit limit when they asked, 84 percent were able to get a late fee waiver, 70 percent were successful having their annual fee lowered or eliminated and 56 percent got lower interest rates.

"The reason why people are able to ask so successfully is that the credit card marketplace is incredibly competitive," Schulz said. "That competition and people's spending is making banks bend over backward to keep their customers and to attract new ones."


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