The CreditCards.com report shows no more than 1 in 4 cardholders make any one of the requests; added together, only about half of consumers have made any request at all.
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Many premium credit cards charge an annual fee for their desirable rewards and perks, and those fees are negotiable as well. Over half of American cardholders who asked (51%) were able to get their annual fee waived entirely, while 31% who asked were successful in negotiating the fee to a lower amount. Younger Baby Boomers (age 53-62) were the age group most likely to have their annual fee completely waived. However, only slightly more than 1 in 10 cardholders (11%) have ever made that request.
In fact, nearly 9 in 10 cardholders (89%) received a higher credit limit when they asked their credit card issuer. Older millennials (age 27-36) were most likely to ask for a higher limit, as well as receive one. Of the four requests we asked about in our survey – waiving a late fee, lowering an APR, waiving an annual fee and raising a credit limit – the most commonly requested was a credit-limit increase, at 28 percent.