TIPS FOR INCREASING YOUR INTEREST RATE

In these credit card market, getting a lower credit card interest rate is not easy. Credit card companies are boosting interest rate as never before, one may ask how can I get a lower interest rate. Even though it's not easy getting lower rates there are few tips that can get you a lower interest rate.

1. The first thing you should do is to call your credit card company and ask if you can get a lower interest rate. You will have to be very lucky for them to agree and reduce your rate in this market, but it's worth the try.
2. If your company have raised your rate to an unaffordable rate, ask if they have any hardship program. Most credit card companies have hardship programs to help consumers who are finding it difficult to make payments. With a hardship, you may get your interest rate cut in half or even get 0% rate for six to one year. The only setback is that mostly they suspend the card during the program. Don't forget to make them know that you are finding it difficult to make payments and if they don't help you you make be able to pay. Bet you this will work.
3. If the above fails look around if you can another credit card that will offer you very low rate (some may even be 0% intro rate) to transfer your balance. Then try to pay off the balance during the period. Watch out for those short 0% intro rate and make sure you know the regular rate.

Remember the credit card companies are in for profit. Know how to play the game.