I don’t know why I haven’t done this sooner, but I called up the four credit cards I have and flat out asked them if I could get a lower rate. Ya know what? Most did.
Breakdown:
Chase Visa – Down 5%!
Dell Credit – Down 6%!
Best Buy - No Go, they said they only have their INSANE 22% interest rate. Good thing I’ve only got about $25 on it.
BillMeLater - No go, not quite as bad as Best (Worst) Buy’s 22% but still, 19.99% fixed is still crazy. Even me threatening to cancel the card did no good. Like Worst Buy, they said they only offer ONE rate…
So, I lowered my interest rates an average of 3% each. May not seem like a lot, but in the long run it will add up on my quest to rid myself of debt.