Any tips on renegotiating credit card interest?

[SMEGMA STENCH]

Thanks for the advice all. Except for you, Zachary. I got my eye on you.
lol

Only reason I was considering cancelling is that I'd heard some companies can be prone to cancelling a card that stays at a $0 balance for too long. Not sure how much truth there is to that though. Something about how they were looking to ditch a bunch of lines of credit due to the economy. Probably just BS but I just thought I'd ask. I want to be the one to pull the plug if it happens. Not them.

[Lethal Injection]

Yes I will get it down to near $0 balance and try to renegotiate the interest. I wanted to find out if anyone here had ever successfully done this. Or if its known whether or not they'll even do it. I can imagine banks telling people to just pound sand and cancel the card if they don't like the rate.

I called and asked for a rate drop last month with a BOA Card, and surprisingly they cut it by 10%! Give it a shot, you never know.

[GeorgeG.]

as already said, don't cancel it, but also don't keep such a high balance on it. Just play the credit game...use it every so often, but have the money to pay it off at the end of the month. The interest rate won't really be an issue.

Other than applying for a rewards card of some type, I don't really see any benefit to applying for a new card.

[71chevellejohn]

I have a recurring bill that is setup on my credit card. It charges ~$20 a month and gets paid off monthly. Capitalone constantly send me offers for 6-12 months at 0% just to get more activity on the card.