Tag: credit card apr
Get the best negotiator in your house to pick up the phone and lower some of your bills.
Shopping online is undoubtedly convenient, but there are times when picking up the phone can save you some cash or, at the very least, score you a nice upgrade.
“Having that human element really helps,” says Laura Oliver, a deal expert who has scored plenty of deals just by making a phone call. “If you call and it’s not working, hang up and call right back,” she advises. “The phone lines are on a queue. You’ve got 15 to 20 other people you can try.”
She also points out it doesn’t have to be you who does the haggling for a better price. “You probably have someone in your house that’s your best negotiator,” Oliver says, advising consumers to let that person make the call.
Negotiate a Lower Credit Card APR
For people with average-to-good credit, the annual percentage rates associated with a credit card aren’t necessarily set in stone.
“Call your credit card company and say “Card X just sent me an offer for a card with 0% APR for a year and then a fixed rate of only 12%, which is much lower than the rate I’m currently paying you,” says Derrick Kinney, a financial adviser who specializes in helping families.
He says you should ask your current issuer if they can match the competing rate and, if not, it makes financial switch to transfer your current balance to take advantage of their competitor’s better offer.
“The fear of losing your business will usually make them match the offer,” Kinney says.