From what I can see, the going fixed interest rate in the US and Canada with Visa, and MasterCard is about 20%. I almost never see a card with a lower interest rate than this. If I do see one it is a floating interest rate based on prime + some percent, with an annual fee.
Is it possible to negotiate with credit card companies to get a lower rate or are you just stuck with the rate they give you?
I have heard many times that the only time CC companies will lower your rate is if you are in debt with them and threaten to leave, or might default. My intuition would be that people with a high credit score should be getting a lower rate, but do they?
Why are credit card companies so reluctant to reduce the interest rates on their products?