Posted by Ivan Kurgen on March 21st, 2012
A lot of people just settle for the credit card interest rates they are given. Are you aware that if you would just pick-up the telephone and call the issuer that most likely they would lower that interest rate that day on the phone? It is definitely quite a easy procedure which i have been using for years and it really works.
Whenever you call and get your credit card interest rate reduced you might be now paying a lot more toward the actual principle balance and much less towards interest. That interest you will be paying is much like a fee or monthly payment you are paying almost like a utility bill.
Simply by significantly lowering this interest rate you?ll repay your balance much faster for that reason saving money just like you were working a component time job.
Therefore calling your credit card agencies and dealing with them to get the most effective interest rate can pay off like you had been making funds on the side monthly.
Therefore a tiny amount of work getting in touch with your credit card business is going to be worth your time and effort and typically only takes a few minutes. Now you might be asking just how do you go about executing this and that i will show you it?s fairly simple.
I generally delay until I acquire a pre-approved credit card from the mail and then I use this as a discussing tool while you don?t really need to provide. You also want to make certain you?ve made all of your payments promptly and developed a good credit rating before you get too hard.
Call the firm using the number on the back of the credit card for customer service.
Inform them you have been using them for awhile and hate to change to a brand-new credit card yet that you had been sent an offer inside the mail with a a lot cheaper interest rate and you simply wanted to see what they could possibly do to help.
Take note of their deal of course , if it does not meet up with what you have been seeking you can normally ask for the manager and see just what they?re happy to do. If it is a fair drop in interest rate even though it is only for 6 months take it and enjoy the benefits.
Ivan Kurgen enjoys writing and also likes to write about Interest Rate Swap and other related topics.
Posted in Money 
Tags: bank, business, cash, credit card, credit card debt, debt, debt management, debt relief, finance, financial, interest rate, loans, money Both comments and pings are currently closed.Source: http://eftanalysis.com/2012/03/21/tips-to-lowering-the-interest-rate-of-your-credit-card/
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