Hi All! First, I'm in Canada so our banking system is probably a little different than what most of you know. I'll try to share enough info that you can give me a fair opinion! We have about $2100 on our Visa card. The limit is $3500. I'm working on savings right now, but will BEGIN actively paying off the Visa in about a month. Currently our card is: 19.99 % interest, no annual fee (we also receive 'rewards' but don't spend much on it and therefore don't get any rewards worth having) I called to ask about a lower rate (can't hurt!) and was told I could purchase a lower rate card... New card: $11.50 % interest, $20 annual fee (no rewards) What would you do? Is it worth switching to the new card to get the lower rate if I will actively be paying it off? They will not lower my rate on my current card.