Todd K
Second Unit
- Joined
- Oct 21, 2001
- Messages
- 477
Hello,
I was on hold with one of my credit card companies and I decided I would be wise to consult here first.
I have three credit cards. The one I've had the longest (since summer 99) has the highest rate (like 18%). Two months ago, my balance was at about $3,000 and now it's at $600. I just got a new job and within about 10 days I will have the ability to pay off the remaining balance.
What I would like to do is reduce the rate on this card so I can use it for purchases (the other two cards I have are nearly maxed out). So, should I:
1) Try to talk to the card company to lower my rate (and if so, what do I say), or
2) Pay the remaining balance, and try to find a different card with lower rates (and if so, should I cancel my existing card, in the case that other companies would take it into account when offering me a new card)?
Well, that about sums it up. I would be very appreciative for any advice.
Todd
I was on hold with one of my credit card companies and I decided I would be wise to consult here first.
I have three credit cards. The one I've had the longest (since summer 99) has the highest rate (like 18%). Two months ago, my balance was at about $3,000 and now it's at $600. I just got a new job and within about 10 days I will have the ability to pay off the remaining balance.
What I would like to do is reduce the rate on this card so I can use it for purchases (the other two cards I have are nearly maxed out). So, should I:
1) Try to talk to the card company to lower my rate (and if so, what do I say), or
2) Pay the remaining balance, and try to find a different card with lower rates (and if so, should I cancel my existing card, in the case that other companies would take it into account when offering me a new card)?
Well, that about sums it up. I would be very appreciative for any advice.
Todd