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2MuchMark · 02-09-2008, 07:55 PM

There is so much competition these days that no one should have to pay more than 18% on a credit card. My cards (All Platinum) are only 8.5% and one card is at 9%. Here's how to get it.

First, go to the bank and apply for one of their cards. Avoid the mail offer cards, and definately avoid the co-branded cards. Don't fall for the stupid Award point offers such as airmiles in exchange for a higher rate or yearly payment. Those offers are for suckers.

Get 1 card only, and buy yourself a present. Pay it off quickly, but take a few months to do it. Do not pay it off all in 1 shot. Card companies don't make any money if you do this. Don't make only minimum payments either - it will cost you a fortune. Take your time, but just not too much time.

Next call the card company and ask to have your card limit raised. Right after you do this and get it, apply for another card.

When you get your new card, your rate will be at 18% or 28% or worse. Call this company immediately and request a lower rate. Be polite, but be firm. Let them know that you already have another credit card with X, and that you already have the lower rate even if you don't. Let them know that if you don't get the lower rate, you won't be using their card.

When you get the lower rate (and you will), call up the first credit card and request the same thing. If refused, let them know that you already have this credit limit / low rate with the other company. Act like you don't care if you get it or not.

Some cards offer very low interest (5% or less) loans that you can use to pay off anything. Let them know that you MAY be interested in this. Why? The person you are talking to is a sales person and gets a commission when he can help you. It IS within his power to lower your rates, so they will look for some back scratching. Take advantage of it.

Of course, the best credit card advice anyone can give you is DO NOT GET A CREDIT CARD IF YOU CAN'T CONTROL YOUR DEBT. Cards are necessary for Hotel rooms, rental cards and shopping online, but thats it. If you do your daily shopping with a credit card you're a sucker and will go into debt and they know it. Be smart: Get your cards, but use them in emergencies. Don't get nailed with anything over 9% interest. Pay every bill on time to avoid late fees (and higher interst).

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02-09-2008, 07:55 PM
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 49,301	There is so much competition these days that no one should have to pay more than 18% on a credit card. My cards (All Platinum) are only 8.5% and one card is at 9%. Here's how to get it. First, go to the bank and apply for one of their cards. Avoid the mail offer cards, and definately avoid the co-branded cards. Don't fall for the stupid Award point offers such as airmiles in exchange for a higher rate or yearly payment. Those offers are for suckers. Get 1 card only, and buy yourself a present. Pay it off quickly, but take a few months to do it. Do not pay it off all in 1 shot. Card companies don't make any money if you do this. Don't make only minimum payments either - it will cost you a fortune. Take your time, but just not too much time. Next call the card company and ask to have your card limit raised. Right after you do this and get it, apply for another card. When you get your new card, your rate will be at 18% or 28% or worse. Call this company immediately and request a lower rate. Be polite, but be firm. Let them know that you already have another credit card with X, and that you already have the lower rate even if you don't. Let them know that if you don't get the lower rate, you won't be using their card. When you get the lower rate (and you will), call up the first credit card and request the same thing. If refused, let them know that you already have this credit limit / low rate with the other company. Act like you don't care if you get it or not. Some cards offer very low interest (5% or less) loans that you can use to pay off anything. Let them know that you MAY be interested in this. Why? The person you are talking to is a sales person and gets a commission when he can help you. It IS within his power to lower your rates, so they will look for some back scratching. Take advantage of it. Of course, the best credit card advice anyone can give you is DO NOT GET A CREDIT CARD IF YOU CAN'T CONTROL YOUR DEBT. Cards are necessary for Hotel rooms, rental cards and shopping online, but thats it. If you do your daily shopping with a credit card you're a sucker and will go into debt and they know it. Be smart: Get your cards, but use them in emergencies. Don't get nailed with anything over 9% interest. Pay every bill on time to avoid late fees (and higher interst). m __________________ Custom Coding \| Videochat Solutions \| Age Verification \| IT Help & Support www.2Much.net