Mom’s Money

Got Credit Card Debt? Ask For A Lower Interest Rate

Here’s a quick tip for you that might end up saving you quite a bit if you have credit card debt. Call them up and ask for a lower interest rate.  If you have been making your payments on time and have relatively good credit, the bank may be willing to lower your interest rate. It definitely can’t hurt to ask and if they agree, it can save you quite a bit of cash in the long run.

And since the Feds have been lowering interest rates for quite a while now, you may be entitled to a lower rate anyway. So grab the phone and call your credit card company up. All you have to lose are a few minutes of your time.