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Credit Card Debt Interest – 3 Tips To Reduce Interest Rates
Many people feel consumed by their credit card debt.
There really are secrets that credit card companies do not want you to know about. As a former credit card customer service representative, I will share with you the 3 best tips on reducing your interest rates.
Hector Milla Editor of the “Credit Card Debt Counseling” website — http://www.CreditCardDebtCounseling.biz – pointed out;
Tip 1
“…Ask. It sounds too good to be true, but simply asking to have your interest rates reduced will oftentimes do the trick. Make sure that you are kind and polite to the customer service representative that you speak with since it is often up to that individual whether or not an interest rate reduction goes through. If you find that you are unable to get very far with the customer service representative, kindly ask to be transferred to a supervisor and make the same request…â€
Tip 2
Say you are thinking of canceling your card. This should get you transferred to their retention department. Customer service representatives in the retention department are able to make unbeatable offers that no other representative is able to offer. This is all in an attempt to keep your business. Be sure say that you are merely thinking of canceling your card and not to actually say that you will cancel your card or that you want to cancel your card unless that is the truth. Otherwise, you could find yourself in a very sorry position if you try to use that credit card and get declined because the representative canceled the card for you.
Tip 3
“…Ask if there is another account offered by your credit card company that offers a lower interest rate. Most popular credit cards offer a rewards system of some type, be it points, airline miles, or cash back. These rewards cards almost always have higher interest rates than their counterparts with no rewards. It tends to be a fairly simple process to open a new account and transfer your balance to that account. In some cases it is even easier than that and the customer service representative is able to convert your account type without having to close your current account…†added H. Milla.
Further information about trusted and reputable companies for credit card debt settlement by visiting; http://www.CreditCardDebtCounseling.biz