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.

---

10 Dirty Tricks Credit Card Companies Play

The credit card companies make billions each year in legitimate... Read More

Beware the Shopping Mall Monster

Like me, you've probably been offered a fair old number... Read More

Learn How to Improve Your Credit Score

Having a damaging credit record can hurt you in many... Read More

Top 7 Factors to Consider While Reviewing Credit Card Offers

Credit cards have migrated from being hip or convenience product... Read More

Bank Robbery Growing In U.S.

Bank robbery has grown to become a huge problem in... Read More

Credit Repair Companies and Credit Counseling

Let's be crystal clear, right up front. Paying someone to... Read More

Easing Your Financial Burdens With Credit Counseling

It is a well-publicized fact that more of us are... Read More

Credit Trap: What They Dont Tell You About Credit Cards In College

In industrialized nations, going into debt starts early. It's easy... Read More

Fixing A Credit Report

Fixing a credit report starts with seeing what's on it.... Read More

Bounced Checks - Straight Talk On Dealing With Bad Checks (NSF)

A check can be considered bad if it is bogus... Read More

Credit Enhancements: Seven Tips For Enhancing Business Credit Transactions

What are the avenues available to businesses with weak credit... Read More

Getting Your Credit Report and Understanding Whats On It

If you intend to apply for a loan, you need... Read More

How to Avoid Credit Card Late Fees

Everyone hates late fees and being late will cost you... Read More

Keep Your Credit History Clean - Remove A Negative Credit Record From Credit Report

The three major credit bureaus, Experian, Equifax and Trans Union... Read More

When You Are Eligible For A Free Credit Report

By Federal law, you are entitled to one free credit... Read More

What is the Check 21 Act?

Check 21 is the common name for the Check Clearing... Read More

Building Good Business Credit After Bad Credit

Can you establish good business credit if you have bad... Read More

Credit Card Expenses Are Killing Your Budget!

Do you know the costs associated with your credit card?... Read More

Finding the Right Credit Card

There are so many credit cards out there to choose... Read More

How To Avoid Becoming A Victim of Identity Theft

With identity theft statistics currently at an all time high,... Read More

All About Balance Transfers

What is a balance transfer?A balance transfer can be explained... Read More

The Truth About Credit

What you might not know about credit.Some people don't know... Read More

Good Credit Is a Necessity for Everyday Living

Most of us want a good credit report to obtain... Read More

10 Step Credit Repair Guide

The process of clearing credit can be laborious and frustrating,... Read More

Student Credit Cards 101

Almost all students have and use student credit cards. Some... Read More

ChexSystems: Alternative Options for People Whove Been Checking Accounts

Individual banks elect to become members of ChexSystems, and to... Read More

What To Look For In A Credit Card

When you are deciding what type of credit card to... Read More

Credit Repair Scam - How To Avoid Being A Statistic?

A good credit history is critically important for the consumer.... Read More

Maximizing Credit Card Rewards

We spend money every single day on many different types... Read More

Manage Your Credit Wisely

Getting your first credit card is a big deal and... Read More

Small Business Credit Cards

So what do you look for when applying for a... Read More

Myths and Truth about Credit Scoring

Credit score is the key factor determining approval of almost... Read More

Understanding Credit Report Score

Understanding credit report scores is important when you see your... Read More