Credit Card Interest Rates

[Josh123]

I've been trying to find some way of getting rid of my credit card because of its high interest rate. Because i've only been at my job for 6 months and at my new apartment for 2 months I've been denied loans to pay it off.

Is there any other way of lowering the interest rate on the card I have??? I was told that I can call the card company and tell them that I can't continue to use their card because the intrerest rate. And tell them that I'm going to move to a different one if they can't help me out. Any ideas??? I'm really stressing about this so please no smart ass remarks.

 

[imported_JoePa]

Call the company and ask for the customer retention department. Ask for a reduction. Simple really.

 

[Josh123]

Thats all I have to do?

 

[digitalme]

they'll probably offer you a card with annual fee

 

[Canun]

Or find one of those credit card offers that offer 0% interest for 6 months on credit transfers. I never did one of those deals, just went through credit card consolidation. Now my credit is awesome with no credit cards.

 

[j00fek]

easiest thing is not to get a credit card

 

[MikeMike]

Originally posted by: j00fek
easiest thing is not to get a credit card

no, the easiest thing is to not carry a balance.

only buy what you know you can payfor.

 

[NoMoMoney]

Just call and ask. If you have made all your minimums, they will probably lower the rate, if not find another credit card.

 

[iwantanewcomputer]

don't spend money on anything else until you pay it off. I don't care if you go without electricity or food. It is stupid to pay those rediculous interest rates just cause you are behind on payments.

 

[tk149]

Originally posted by: Canun
Or find one of those credit card offers that offer 0% interest for 6 months on credit transfers. I never did one of those deals, just went through credit card consolidation. Now my credit is awesome with no credit cards.

I did this. There was an upfront transfer fee, but with 0% interest for 6-months, it came out cheaper in the end. I used the extra time to pay off the card in full.

I'm now credit-card debt free. 🙂

 

[dullard]

1) Call and ask to get your rate reduced. It is really that simple. Most companies will do it.

2) Do whatever it takes to (a) decrease your spending and (b) increase your income until it is paid off. This is a lot easier to do than it sounds.

 

[waggy]

Originally posted by: MIKEMIKE

Originally posted by: j00fek
easiest thing is not to get a credit card

no, the easiest thing is to not carry a balance.

only buy what you know you can payfor.

bingo. i don't really care what my interest rate is. ipay it off every monthy.