Do you have the best credit card for you? Today’s tip: Find a better credit card – look for a lower rate or better rewards card. Start by talking to your bank about lowering your rate. You may be surprised; if you have good credit, your bank may be willing to lower your interest rate. Also ask your bank or credit card company if they have a different credit card that may be more suited to your needs.
NOTE: If you are always behind on payments and don’t have good credit, your bank won’t lower your interest rate. In fact, they may review your history and raise your rates, so only use this strategy if you have good credit.
If you have bad credit, and have more debt than you can handle, consider your debt relief options to get out of debt.