Comments on: Credit card rate reduction http://www.blisstree.com/thriftymommy/credit-card-rate-reduction/ Time and Money Saving Tips from Thrifty Mommy Wed, 23 Dec 2009 20:23:15 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Credit Cards - The good, the bad, and the ugly http://www.blisstree.com/thriftymommy/credit-card-rate-reduction/comment-page-1/#comment-6937 Credit Cards - The good, the bad, and the ugly Thu, 05 Jun 2008 14:57:28 +0000 http://www.thriftymommy.com/credit-card-rate-reduction/#comment-6937 [...] How to reduce your interest rates [...] [...] How to reduce your interest rates [...]

]]> By: JayMonster http://www.blisstree.com/thriftymommy/credit-card-rate-reduction/comment-page-1/#comment-4710 JayMonster Wed, 19 Mar 2008 14:22:37 +0000 http://www.thriftymommy.com/credit-card-rate-reduction/#comment-4710 Remember the "lifetime" of you card is when it expires, or a million other exceptions that are thrown in to the fine print. I have received more "updated" terms on one credit card over the past six months, they no longer even resemble the terms I originally had when I signed up with them. Good advice on the Credit Cards, but keep one thing in mind, only do this if you are up to date with ALL you obligations that may be reported through a credit bureau. If you are late with Bank B, then Bank A, which you asked for the decrease, can and may actually UP your rate based on something that has nothing to do with your payment history with them. Sad, wrong, but very much true. Remember the “lifetime” of you card is when it expires, or a million other exceptions that are thrown in to the fine print.

I have received more “updated” terms on one credit card over the past six months, they no longer even resemble the terms I originally had when I signed up with them.

Good advice on the Credit Cards, but keep one thing in mind, only do this if you are up to date with ALL you obligations that may be reported through a credit bureau. If you are late with Bank B, then Bank A, which you asked for the decrease, can and may actually UP your rate based on something that has nothing to do with your payment history with them. Sad, wrong, but very much true.

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