Lower Your Credit Card Interest Rate

According to CNN Money, credit cards, on average, now charge a variable annual percentage rate of around 14.46%.  If you’ve got super credit, though, you can slash that in half.

We once did an experiment where I went to the mall and randomly selected people to call their credit card companies, and ask for a lower interest rate by making a few simple statements.  It worked for several people and could work for you as well, just my making the phone call.  However, new FICO research reveals what we should all be paying, and the higher your score, the lower your APR.

Here’s the info based on research from cardratings.com:

Score                                 APR

740                                    7.5%

720                                    12.5%

700                                    16%

680                                    18%

660                                    20% and up

How can you improve your credit score to get the best deals?  Read here for 9 quick fixes.



About Save a Dime on 9

Save a Dime with 9 is part of WTVM's continuing effort to reach out to the community. Our ConsumerWatch team is constantly digging for deals and information that can help you and your family stretch your dollar. There are lots of other good savings blogs and websites out there, but Save a Dime saves you time and money because we're a one stop shop. Where else can you get free tax advice, tips on couponing and even the scoop on the latest tech gadgets all in one place? The answer...you're here! So let's start our savings journey together. If you have a blog idea for us, send an email to consumerwatch@wtvm.com. Please include a phone number so that we can reach you, if necessary.
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