Is your interest on a credit card bill high? Is there a way to get that lowered? Yes! By calling your credit card company, they can re-evaluate your interest based on your payment history. Some credit card companies will lower that rate after paying on time for 12 consecutive months. That could save you hundreds of dollars a month(based on your balance). Is that worth a phone call? Yes! I had a client that had a credit card interest of 29.9%. She was paying an average of 250.00 a month just on interest. She paid 300.00 a month on payments which only 50.00 went to balance. She called the company and after 12 months of paying on time, she got her interest down to 6.5%. WOW. One phone call. Keep an eye out for more money saving ideas or if you have your own way of saving, please share it with us.
Looking to reduce your credit card interest? Just ask!
Published: September 17, 2009Posted in: Finance
About the Author
I am a full time realtor at Keller Williams-metro south in Alabaster, Al. I graduted at UAB in 1995 with my BSW (social work). I worked with the state of alabama for many many years until I started my family. I now have 3 wonderful sweet babies- Dillon-11yrs, Lindsey-9 yrs old, and Lana Grace- 8 yrs old. I live and focus on the Shelby County area. My niche? All home buyers and sellers. I love people in general and it is the most gratifying feeling when you help someone find "their home". And when selling a home? Well, I have sat down and cried with some of my clients. I understand the emotional bond some have to a home. When I take on a client, I like to look at it as taking on a new friend. Every one of my past clients are now my friends. What a wonderful profession to be in! 
