deerone wrote:Why wouldn't it help are they stupid?
No, they aren't stupid. But neither are you: and refusing to pay the card could lead black marks on your credit report, thus making it difficult to get credit at all in the future. Unless you absolutely cannot pay the bill, you should. The repercussions of not paying are too high.
If they won't reduce your rate, you could : A) call them again, explain that you are having difficulty making the minimum payments, and ask if there is some kind of plan they could enroll you in. But this may not necessarily be a good move depending on the plan they offer. But they may be willing to work with you : as you point out, they'd rather get paid than have you simply default. Another option, B) if you transfer your balance to another credit card if you have or can get one (e.g., Chase Slate) that offers a special balance transfer offer. This could reduce your interest payments significantly.
Of course, you could always simply not pay the bill and deal with whatever happens. But I think this is absolutely the last option to consider. Its the one most likely to hurt you, in the end.