Most people just live with the credit card interest rates that they are given by the credit card companies. Did you know that if you would just pick up the phone and call the credit card issuer that more than likely they would lower your interest rate that day on the phone? It is actually a very easy method that I have been using for years and it works.

I don’t know if some people are just lazy or just don’t like calling the credit card companies. Many people get part time jobs to help pay for their credit card debt or to pay it down faster. Just by lowering the interest rate or APR on a credit card a few points can make a big dent in that balance over the next few months.

When you call and get your credit card interest rate lowered you are now paying more toward the principle balance and less toward interest. This interest you are paying is like a fee or monthly payment you are paying almost like a utility bill. By significantly lowering this interest rate you will pay off your credit card balance much quicker therefore saving money as if you were working a part time job. So calling your credit card companies and working with them to get the best credit card interest rate will pay off like you were making money on the side each month.

So a small amount of effort calling your credit card company will be will worth your time and effort and normally only takes a few minutes. Now you may be asking how to you go about doing this and I will tell you it is relatively simple.

I normally wait until I get a pre-approved credit card offer in the mail and then I use this as a negotiating tool even though you don’t really need the offer. You also want to make sure you have made all your payments on time and built up a decent credit history before you get too demanding.

Call the credit card company using the number on the back of the card for customer service. Tell them you have been with them for awhile and hate to switch to a new credit card but that you were sent an offer in the mail with a much lower interest rate and you wanted to see what they could do for you. Listen to their offer and if it does not meet what you were wanting you can always as for the supervisor and see what they are willing to do. If it is an acceptable drop in interest rate even if it is only for 6 months take it and enjoy the savings.

If your credit card company is not willing to work with you and you do have a good credit rating and pay on time you can always transfer the balance from the high interest rate card to a 0% APR credit card offer like we have here on our website. This 0% or low fixed rate will be in effect usually for a year and will allow you to either pay off or significantly pay down your debt. Don’t ever be afraid to call and negotiate interest rates with the credit card companies. The more you do it the better you will get at it.

To compare Low Interest Rate Credit Cards just click this highlighted link!