Shop your way to lower credit card interest rates by taking on a second job or working extra hours. This tactic may be tempting for the first time credit card consumer, but it can cause many problems if you fail. If you fail and your card is late, you may even find that you have to pay a higher rate than normal.
Another way to shop your way to lower credit card interest is to limit the number of cards you have open at one time. If you have more than one account open, you may have the temptation to keep them open because you are paying attention to what your debt consolidation company has to say about them. The truth of the matter is that you will get better rates when you only have one account. This is true with credit card companies and banks.
Many credit card companies offer rewards programs as incentives for you to use their cards. When you have multiple cards, this will often result in having a lot of rewards. The problem is that the credit card companies know how many cards you have open so they can increase the rewards on your cards. This can actually mean you getting a lower rate. The trick is to only keep one card open.
If you can avoid having more than one card with your credit card companies, this can be a good way to shop your way to lower credit card interest. If you use your cards the way that they are intended, it is unlikely that you will have any trouble with having to pay off the credit card. If you take all of the rewards that you can use them properly, the credit card companies should not have too much trouble with you paying them off. You will find that when you start looking for credit card deals with better rates that you will see a lower rate than you were getting before.
If you can shop your way to lower credit card interest rates by limiting the number of cards you have open you can also shop your way to lower the amount of time that you have to pay off the balance each month. When you have multiple credit card accounts open you can be tempted to keep opening new accounts every month. You will find that this will lead to your balances going higher over time. When you stop doing this your monthly payments will come down. This can allow you to have lower payments on your balance.
The key to this strategy is to start shopping your way to lower credit card interest rates today. By looking for lower rate cards you will find that there are plenty to choose from. Once you have started shopping your way to lower credit card interest rate you will find that you will be able to pay off your debt in just a few short months.