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Lower Your Credit Card Interest Rate Now!
With today's credit card companies, there are many
opportunities to get your cards rate of 21% or more reduced. The
higher the amount of interest your card charges will cost you
more for a simple purchase and ultimately may take you years to
pay off instead of months, should you make the minimum payment
allowed. People often just pay the minimum balance as a way to
improve their credit rating; this couldn't be a more dangerous
way to increase your credit score. Leveraging the credit card
company to say "Uncle" to your ability to switch over is easier
than you think.
The switch over tactic
If your credit card interest rate is over 20% you should
definitely seek relief in several ways. One of these ways is to
let them know you are thinking of moving to a competitor's credit
card because they are offering a lower rate. They will move
promptly to earn your dollars and interest. Let them know how
unsatisfied you are about their ability to reduce your percentage
rate commensurate with your ability to pay your bill in a timely
manner. They will probably put you on hold immediately and speak
with a manager to get your rate reduced.
Don't be afraid to move to another credit card company
Some credit card companies will not budge when it comes to
reducing your rate: even if you threaten to leave them. That is
when you look for another credit card that meets your immediate
financial needs. Shop around to the major credit card companies
and seek out the best possible rates. You can also search on the
Internet for sites that give the best credit card ratings. This
will allow you to make a financial decision that can save you
hundreds if not thousands in the long run.
There are a dozen reputable credit card companies in the
market who are willing to sign you up to earn your interest.
These cards will even offer to assume your previous credit card
debt to help reduce the interest you are bearing on those
accounts.
About The Author
Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the
latest on personal finance, debt elimination, budgeting, credit
cards and real estate.
MORE RESOURCES:
Credit - Google News
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