It’s very hard to get the interest rate on a credit card account lowered in this economy, even if you have excellent credit and a superior track record with your credit card issuer.  Now that you’ve made two late payments, you’ve weakened your negotiating power considerably.  Your APR was also raised because – simply put – it’s a sign of the times.  Banks are doing all that they can to increase profits before the Credit CARD Act (which restricts their ability to raise rates) takes effect in February.  We would suggest a balance transfer, but any credit card application you fill out now will likely be declined given that you’ve made two late payments so recently.  The best you can do at this point is to prove your case with good behavior.  Make sure you pay your bill on time every month and pay more than the minimum amount due.  Do this for several months and then try calling your credit card issuer to negotiate your rate down.  You may see some relief.  If not, you can try transferring your balance at that time.