Lowering Credit Card Interest Rates

When was the last time you evaluated the interest rate on your credit cards? The higher the rate, the more that "borrowed' money is costing you. If you'd like to keep more of your hard-earned cash, consider the following action plan for securing a lower rate.
Negotiate -- Sometimes it's as simple as asking. In fact, three out of four people who request an interest rate reduction are successful. First, take note of your history with the company, including how long you've been a customer and the timeliness of your payments, and collect interest rate offers you've received from their competitors. Then make the call, and share this information. If the representative can't help, politely ask for a supervisor.
Transfer -- Even if your company refuses to budge, you may be able to move your high-interest balance to another card. Companies frequently lure customers from their competitors with low-interest or even zero-interest offers. If you're able to pay off your debt during the promotional period, you can save money just by making a switch. Just be sure to compare the terms of each offer before you decide to go for it.
Improve -- It's always worth it to take steps to improve your credit score, which impacts your ability to qualify for low rates. Paying off debt is key, but there are other things you can do as well. Set up bill reminders or automatic payments to ensure timely payments, correct errors on your credit report and keep your balance low compared to the credit available on your card.
It may take a little while, but once you successfully reduce your interest rates, you'll have more money at your disposal to achieve your financial goals.
Source: Sharon Floyd - GOLD FINANCIAL SERVICES  - (210) 317-8834