The Best Available Credit Card Interest

Millions of people around the world struggle to figure out how to play the credit card company’s games and save some money on their interest rate. This can seem to be impossible however it can be manageable and even profitable. There are many methods to taking advantage of the best credit card interest rate, the choice of which is which one appeals to your situation.

Millions of people around the world struggle to figure out how to play the credit card company’s games and save some money on their interest rate. This can seem to be impossible however it can be manageable and even profitable. There are many methods to taking advantage of the best credit card interest rate, the choice of which is which one appeals to your situation.

The first thing that you must do is to research what is going on in the credit market. The Internet is an encyclopedia of that information including basic market information to comparing companies for you. Make sure that you know if what you are asking for is reasonable. For example, if you want an 8% interest rate when the market average is 16% then you will be very unlikely to find what you are seeking. However, if you know that the market average is 16% and a company is offering almost 20% then you may wish to try and find something better.

If your research has shown that you don’t have the best credit card interest rate then call the companies and ask them for a lower rate. Now, keep in mind that they will not always have a lower rate available, nor can they guarantee that you will qualify for a lower rate. But credit card companies are in a very competitive business and you are a valuable customer, so if they can keep you happy often they are very happy to do so.

Make sure you read all the fine print regarding special rates and offers that you are given by your credit card. Yes it may seem like some of the best credit card interest rates are too good to be true, and sometimes this can be the case. If a deal doesn’t sound right, read the fine print. There could be a fee or other clause in there that you might miss and that may mean it’s not that great of a deal after all.

Finally, you can join a credit union and open a credit card with them. Credit unions do not have to answer to the federal government or their investors since they are classified as a not for profit organization. Because of this they can offer interest rates that are often much lower than the rest of the credit market.