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CREDIT CARD DEAL TIPS

Credit card deal tips below can help you save extra money and get good benefits out of credit cards. Many people do not bargain and go for the first free offer that comes their way. Free offers do not last long, and if you are delayed or default, high rates get applied on your balances. The tips below are based on the common facts of competition for getting new customers and making them stay on with the company. If the credit card companies can go all out to attract customers, it means they are serious about winning them. By going ahead in the same direction, a little tactical negotiation can make you get rid of small fees, and lower interest rates by a few points.

STRIKING A GOOD CREDIT CARD DEAL

• If you carry forward balances normally, and make payments on time, and have a good credit history, all of these stand as good weapons to argue for your case. Every company wants to keep loyal, paying customers.
• Ask for rates and fees to be waived by taking the initiative. Unless you ask, you won’t get it.
• Balance transfer interest rates are often put at 0% for a year. These can be used to get rid of high interest charging cards. There can also be a transfer fee to be kept in calculations.
• A lot of offers are made with 0% APR rates. Find out if it is for balance transfer, new purchases, or cash advances. Also find out all the terms and conditions.
• Cards that offer rewards and points may carry annual fees and higher interest rates. If you plan to pay off all your dues every month, then go for such cards.
• Keep an eye on all new offers that come out in newspapers and on the Internet. Study the terms carefully and if the offer is better than your existing one, try to negotiate your company to reduce the rates, annual fees, or extend grace periods.
• If you get excellent support services from your existing company, it may make sense not to fall prey to any new cheap offer that comes your way. Wait and see if your card issuer also fall level with the new offers.
• Use your good credit report and credit score to get the best deal you can get from big players. Play them against each other.