With bank rates and investment "guarantees" seeming to plummet it seems credit card interest rates are skyrocketing. So how do you save? Well, first off - try to stay out of debt. It's taken me 29 years to learn to do this (OK, fine, I've only had a credit card for 11 years, but you know what I mean) and living debt free, especially when you're a 20-30 something living in a non-stop city, is tough! But it's important.
Second best to being debt free is being on a low APR credit card. Sure, you can open new credit cards - get one for every color of the rainbow. OK, no, that's a joke - I don't recommend this one because juggling 1-2-3 credit card bills is tough enough, but staying on top of more? No thank you. Right now credit card companies want to keep their credit card users (especially the "power" user who exercises the card) - they want to keep the uber user for two reasons: 1) they get interest from you, and 2) every financial institution is struggling right now - they need something (spenders) on the horizon to keep them afloat. So what's the money saver hint? We've heard it before - ask. Call your credit card company and ask for a lower loan. If the first answer is no, suggest that you'd like to cancel the card (but you have to mean it - have a plan here). APR down, money saved.
I've tried it, it works, trust me.
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