It will be a realistic if you can get a 0 percent interest. If previously you have to pay interest of about 17%, by the 0
percent interest, you will get a reduction of bill payment that is substantial.
But to get the lowest interest rate, you must
have an excellent credit or 720 and more of FICO score. If your current credit
score is low, you should raise your credit rating before applying for the
lowest interest rate credit cards.
Two Ways to Get Lowest Credit Card Interest Rate
There are two ways to get lowest interest rates. First, you ask
the credit card issuer to lower your interest rate for balance. For example of
interest of 17% to 15%. You can tell them some reason you feel like the interest is too high for you and you want to require to be lowered.
Or you get an offer of a credit card with lower interest
rates. Meanwhile, you still have to pay high interest rates. You can contact or
call the bank to ask for reduced rates. Usually, you do not call just once, but
it is worth many times to contact the bank. You should never give up.
If you are a good customer and have long been a customer,
your request will normally be considered or granted.
The second is to apply for new 0 APR (annual
percentage rate) credit card. Many credit card issuers offer cards with 0% interest.
You only need to select the best and most profitable card for you.
But you must make sure that you have an excellent credit.
Without a good credit, your application will be rejected. If you managed to
get a credit card, you only pay the principal debt. You do not have to pay
interest. However, this card is for limited time such as 6 months, 12 months, etc.
If your debt is
substantial, would need a special trick-trick so you can pay off all your debts
in a very cheap, which has tthe lowest credit card interest rate.
The best way to avoid credit card lawsuit is to stay away from delinquent credit card debts. You can avoid delinquent debts by making regular payments on your credit cards. If you're finding it difficult to make payments on the credit cards, then it is better to pay it off through cash.
ReplyDeleteA good tip to avoid incurring credit card debt is to spend according to your financial means. Try to cut down unnecessary expenses from your budget. Always pay your bills on time. Live within a budget and try to avoid incurring new debts.