Drop Your Creditcard’s Interest Rate
Lowering Your Interest Rates
Let’s be honest Everyone needs a bargain. Likewise, noone likes to find out they’ve overpaid. It’s true when you’re buying, and it’s just as true when you’re borrowing. Everyone wnats the best rate of interst possible The concern on your charge card seems overly high, it won’t just lower on its own (unless, of course, you have a variable-rate card and rates in general are dropping). If you’re overpaying for interest, you need to take action now.
Online Credit Card Applications
Some charge card offers are just so good that your current credit card company may not be able to beat the offer, no matter how amazing your record. If that’s the case, you may want to consider moving your balance over to a new card.
There are a couple of reason to take caution in going this route. First, introductory rates are just that: introductory. Make sure you’re aware of the duration of the introductory period and what the rate will be afterward. Measure that against your current creditcard’s best offer and the difference may not be as big as you first thought.
Second, if you do get approved for that new card, make sure you close the account on the old creditcard. The best intentions can be fouled by the lure of having two cards at your disposal. The low rate on the new card won’t help much if you run the balance back up on your old card. Being over-extended is much worse for your financial future than too a high a rate on your credit card.
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