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titan22 · 10-10-2006, 05:29 PM

here is a good article from yahoo.

Education: Credit Card Center - Yahoo! Finance

Mike · 12-13-2006, 12:34 AM

Quote:

Originally Posted by getnick

here is a good article from yahoo.

Education: Credit Card Center - Yahoo! Finance

Interesting site, I didn't find the 10 dumb moves very useful, but the site has tons of great info. I realized that Wells Fargo is raping me on my interst rate 22.8%. I got the card about 2 years ago (my first credit card or credit of any type). They gave me a 2,000 credit limit and have increased it slowly to 4,500. The card has no annual fee and offers 1% cash back after I spend X amount of dollars. I have never missed a payment so the interest rate doesn't really hurt me, but I'm thinking maybe I should ask for it to be reduced just in case. I am certainly not as risky of a client as I was when they issued me the card with no real credit history.

titan22 · 12-15-2006, 01:01 AM

often a credit card will lower your interest rate with a simple phone call. i've done it before. sometimes it is only for a short period like 6 months and others will be until you miss a payment. it doesn't hurt to ask though.

James · 09-23-2007, 04:29 AM

Quote:

Originally Posted by getnick

often a credit card will lower your interest rate with a simple phone call. i've done it before. sometimes it is only for a short period like 6 months and others will be until you miss a payment. it doesn't hurt to ask though.

Nope it doesn't. I called my Capital one account and threatened to drop the card and they offered to lower my interest rate. Basically cut it in half, 22% to 10.9%.

titan22 · 09-24-2007, 11:03 AM

Companies are always quick to change rates. 11% is a lot better for them than 0% if you close it.

10-10-2006, 05:29 PM	#1
titan22 Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 773 Rep Power: 7	10 credit card no no's here is a good article from yahoo. Education: Credit Card Center - Yahoo! Finance

12-15-2006, 01:01 AM	#3
titan22 Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 773 Rep Power: 7	often a credit card will lower your interest rate with a simple phone call. i've done it before. sometimes it is only for a short period like 6 months and others will be until you miss a payment. it doesn't hurt to ask though.

09-24-2007, 11:03 AM	#5
titan22 Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 773 Rep Power: 7	Companies are always quick to change rates. 11% is a lot better for them than 0% if you close it.

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