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May 31, 2007
Avoiding High Credit Card Interest Payments
Most people are far too busy to take the time to evaluate just how much they are paying in credit card interest. There's potentially hundreds of dollars you can save each and every month if you take a couple hours to look at your credit card statement and take action to reduce your credit card interest rate.
Yes! You can reduce your credit card interest rate very easily.
The first step you should take is a phone call to your current credit card company. Simply tell the representative on the phone that you can get better rates on balance transfer cards that their competitors are offering. Mention that you can take your business elsewhere and get a 0 APR introductory rate and kindly ask them to match that rate for at least 6 months.
In most cases your current credit card company will extend this offer to you but if they don't say "good-bye" to them and promptly get a balance transfer with a 0% introductory rate for the longest period possible. This will instantly save you lots of hard earned cash on interest payments.
My favorite balance transfer card is the Blue Card from American Express because you can get up to 15 months interest free. That's right, over a year of not paying credit card interest!
Tip for eliminating credit card debt:
Take the interest you are saving and apply that directly to the balance on your credit card. Doing so will get you out of credit card debt faster than you ever thought possible!
I know you're busy, life does that but please take the time to have a look at your credit card bills and take action today
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