Reap,


Call them and ask for a APR decrease because you are going to have to transfer off that balance to another card and cancel because the rent is to damn high, joke, APR. A better start is to get another card with low apr that you can indeed do that.


Usually they have worked with me, but in the case they do not, start the transfer to another card, once it is cleared of to the new card, call back and tell them you want to cancel it because their APR is too high. Shockingly their retention agent will now want to talk business.


This has worked for me many times. So much so that I tried it again last year on a card with zero balance and the rep said she has never seen an APR that low for any of their cards and all they would ever give now for anyone was 2 points higher.


Call these credit card companies and haggle. Or get a low apr one with your good credit and transfer off to a 12 month no % and save some cash. Yes there is a transfer fee but less than a year of %.

Just an FYI.

 

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Interesting. And sounds logical. I only have the Home Depot card though that is large enough and I don't think they will allow that to their card.

 

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We use them on purpose to pay for free lodging when we travel. We racked up $17k and have 3 weeks stay "free" at the best hotel in VA beach this summer. Paid off the $17k easily last week with one check.

Credit cards are awesome, if you have the money to pay them.

 

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Look for another new low apr one which should be fairly easy since your credit should be decent since your maximums have been going up and transfer balance(s) to it for a year. If your credit score is good.


When haggling use:

1) Sob story about your health.
2) Threats to cancel or "look for another card option".

to your advantage.


Good luck.

 

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I have a sears card, a regular credit card, and a corporate card. None carry a balance for longer than a month.

I have 2 loans and a mortgage however, one loan is down below 1500 (almost paid off college debt yay) the other is around 2500 and is for my bed purchase (2 years same as cash lol).

I should have my student loans paid off this year (in the next 5 months as I am paying like 3 times more than I owe) and I just bumped up how much i'm paying on my bed as well as I want to be as debt free as possible by the end of the year

 

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15K in revolving dept is reprehensible.

 

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The best time to haggle down APR on cards is when you have a zero balance.


Tell them: "Well I would be more likely to use your card if the APR was lower?" "No?" "Well then I need to cancel to card."


Retention agent: "Well let me see what I can do."


When it works then the next time you have to use it = lower APR for the future.

 

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Credit cards should be used the same as debit cards, if you can't pay for it at the time of purchase you don't buy it. You should never use them to put you in debt unless it is unavoidable (major car repair, medical ect.) I will never understand how people have such a hard time using credit cards and not making themselves go in to ridiculous debt.

 

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