Category Archives: Credit Card Interest Rate

What Are The Ways And Means To Lower My Credit Card Interest Rate?

Why use credit card?

A credit card is nothing but a loan that is offered by a bank to a customer and the only difference is that it is in the form of plastic money rather than dollar notes. Any customer who uses his credit card for various purchases or drawing money from ATM’s will be required to pay the loan amount and the interest rates correctly in order to maintain a good credit history. But most of the credit card users are trying ways and means of finding out the various options by which they can lower their credit card interest rates. If you are also looking for possible answers to this question, then you have landed at the perfect place that will help you out in knowing the methods through which you can lower your credit card interest rates.

Good credit card rating

It is important for you to repay your minimum amount due and if possible some amount more than the minimum amount due in order to be in the good books of the credit card companies. If you have missed paying the amount due to the credit card company for more than one time, then you are not doing any good to improve your credit rating. Once the company is satisfied with the fact that you have a good credit rating and that you are repaying your dues on or before the stipulated time, the company might consider your request of lowering your credit card interest rate. Most of the credit card companies will consider your request for lowering the credit card interest rate due to the fear of loosing a perfectly repaying customer.

Comparison with other banks and balance transfer

It is always better to compare the interest rates charged by other credit card companies with the credit card interest rate of your bank or credit card company and if you find that the interest rates are lower in other credit card companies, you are the liberty of questioning your credit card company of the reasons for this high rate of interest and can also negotiate with the company to offer you interest rates at par with other companies or even a lower interest rate. If this is not working out, then you always have the option of transferring your credit card balance to 0% interest credit card Company that will not charge with annual or joining fees. But make sure that you clear all the balance dues to the bank before the expiry period of the card or else the renewal rates will be very high.


Whatever be the option that you choose to lower your credit card interest rate, it is important for you to make sure that you pay the minimum amount due to the credit card company within the allotted time and this will help you in maintaining the same credit card interest rate at all times. It is Important for you to analyze the options that are available in front of you to choose the best one that will help in lowering the credit card interest rates on your card. is the best online source to look for interest rates for savings and interest on savings account, click on the link to know more about company’s services and special offers.

Find More Credit Card Interest Rate Articles

How to Lower Your Credit Card Interest Rates

Debt Free for Life’s David Bach show you how to lower your credit card interest rates in six steps. For more great videos, visit
Video Rating: / 5

Today’s question is: What Is An Introductory APR?
Ask us your credit questions in the comments and find your next card at

Many credit cards come with a 0% introductory APR, or annual percentage rate, but what does this mean? How does it compare to a regular APR? There are some important differences when it comes to how these two rates are used to calculate your interest, and you could potentially have both rates active on your account at once.

Every week, John Ulzheimer answers YOUR credit questions. Email us, give us a call, or ask on live chat, and we may answer your question on YouTube!

To learn about credit scores, credit reports, managing debt, and how credit cards work, check out our learn section at

If you’re looking for a credit card, start your search at

Join our community!
Video Rating: / 5

Credit Card Interest-Rate Scam Refuses to Die

Has “Rachel from Card Services” called you?
Telephone fraudsters know that Americans are fed up with high interest rates on their credit card balances and have for years been trying to cash in on that frustration by tricking consumers into paying them as much as several thousand dollars for bogus rate reduction programs.
This con, often initiated by pre-recorded robocallers like “Rachel,” has been going on for years. And despite numerous enforcement actions by the Federal Trade Commission (FTC), it just won’t go away.
Bikram Bandy, coordinator of the FTC’s Do Not Call Program, says he is concerned that many people are falling for the scam – and losing money – when offered the “too-good-to-be true” promise of unrealistically low interest rates.
“It’s disheartening that this scam continues, and it does continue because the scammers are still making money from it,” Bandy told NBC News.

This video was produced by Wochit using

Watch and listen as I call my credit card company and ask for a lower interest rate.
Video Rating: / 5

You Can Lower Your Credit Card Interest Rate

Your credit card is one of the best things that could happen to you in your adulthood, until you have to pay for it. While paying for anything requires money, as a credit card implies debt, you are required to pay more for everything that you buy. It is an altogether different story if you do not clear your credit card debts regularly, as the extra amount of money you need to pay only compounds. Yes, like the majority of the banking systems, credit cards also function on the compound interest rates, implying that with time, not only the money you owe, but also the simple overall interest rates on the ‘borrowed’ money would be increasing. However, owing to competition, some banks offer more easy-going interest rates on their credit cards to attract customers. A smart customer would make the most out of such methods.

Credit card interest is indeed typically very substantial. On an average, unpaid debt on a credit card would yield to several thousand dollars of interest (apart from the actual amount during purchases) every year. The best way to avoid such humungous amounts of further debt would be to maintain the healthy habit of clearing your debt on a regular, monthly basis. However, as we all know, this may not always be feasible. There are other steps that you can take to ease the debt.

If you haven’t applied for a credit card yet, the first thing to do is to check the interest rates charged by your issuer. This might be too obvious to be a serious checkpoint, but the fact is that a large section of customers would realize what interest rates their issuer is charging them only when they check their credit card statements. Furthermore, most of us don’t even realize that some credit card companies or banks charge outrageously higher amounts over the others, by providing certain benefits that we wouldn’t ever put to use. So, compare different credit card interest rates offered by the different issuers.

You can get more information on your credit card services apart from the interest rates by visiting the company/bank’s website. Go through everything thoroughly, even if you already own the credit card. Also visit a bunch of competitor websites and look for relevant information. This exercise would clearly reveal to you how exactly your credit card interest rates are different from those offered by other issuers. Look for specific issues such as the current rate of interest you pay, and the current interest on other credit cards; your company’s special offer to new credit card holders in comparison to the offers made by other companies, etc.

If you do not wish to switch from your current company to a credit card company that offers lower interest rates, you still have a choice. Do you know that you can actually make a request to your company to lower your credit card rates by approaching the right level of authority? Yes, that’s possible, as these companies are well-aware of the competition in the market, and would budge a bit to accommodate their customer. Finally, while you do have options to reduce your credit card interest rate, make sure to check on the pile of credit on a regular basis.

Want to lower your credit card interest rate? Then you just have to click on the link to know more about mortgage interest rates, follow the link for more information.

More Credit Card Interest Rate Articles

0 Credit Card Interest Rate is Not what it Appears

You can find worries among financial advisors that people customers that wanting to utilize the brand new credit cards that offer a 0 credit card interest rate are increasingly being deceived. Many customers have seemed with this type of bank card as a license to owe money without paying high interest rates. But that is simply not the truth. You will find clauses into the agreements for people who make these deals that should be look over. They say that if you skip a payment then the offer becomes null and void and also the excessively high interest levels that everyone is employed to spending kick back in. That will come because quite a shock to somebody who believes that they have a tremendous amount to their credit card.

Studies have already been performed about this practice and exactly what this means towards the typical consumer. They will have shown that most folks do not realize whatever they have actually signed up for and just how much it might price all of them whether they have to miss a monthly payment. They will certainly find that the punishment is very large. Not only can there be a top interest payment expected but this kind of 0 credit card interest card also has various other charges for a missed repayment. Included in these are becoming profiled as an unhealthy charge card risk. This means it can affect the customer’s capacity to get various other bank cards, or even other credit requirements like car and truck loans, mortgages, or any other unsecured loans.

Needless to say, if you are capable of making your payments promptly, you will not need to worry about getting your interest rate revert to a larger one. But take into account that if you send your payment, there is always the chance of a delay which you have no control over. Even in the event your repayment strikes the middle and it is posted a single day after the deadline, could nevertheless be considered late and certainly will find yourself today saddled with an interest rate that could not be great.

The fact is that finding an excellent rate of interest on a credit card is truly more involved than simply signing up. The buyer must investigate the conditions and terms carefully before making a decision which card really provides them much. Creditors strive to create 0 bank card interest cards be seemingly a whole lot, but they are a lot less than they look. The truth is that a very important thing many customers can perform to assist them to prevent financial obligation is stay to a single or two charge cards rather than discuss their particular restriction. Repaying interest on anything you simply bought on sale loses you the benefits of that sale.

Mayoor Patel may be the copywriter when it comes to internet site Please see for information about things focused on 0 Charge Card Interest Rate

More Credit Card Interest Rate Articles

Lowering Your Credit Card Interest Rate

A straightforward technique which can help you spend less and obtain even more in return.

Have actually questions? Call 888-573-6123 free-of-charge consultation, is a great web site I designed to show you ways to get out-of debt faster. This tutorial informs you just what to express towards creditors to get your rates of interest lowered on your own account.
Video Rating: / 5

8. High Credit Card Interest Rates

8. High Credit Card Interest Rates

There are reasons which make credit card interest rates so high. High credit card interest rates make having this kind of debt a bad idea especially if it compounds very quickly after we bought things that quickly lose their value.
Video Rating: / 5

It’s important that you really understand your credit card terms especially the interest rate. Find out here what you need to know about your card’s interest rate in order to avoid complications in the future. For more information visit

If you are looking for credit cards for people with bad credit visit
Video Rating: / 5