I’m very proud to announce that along with some of the bloggers over at the M-Network we’ll be doing a Credit Rate Reduction Rally to help credit card consumers become aware of the fact that they can get their interest rates reduced at some credit card companies by calling, writing or emailing and requesting a lower rate. We want to make sure that the world knows that they’re in debt with a credit card and that paying them off will be faster if they’re not spending on the cards as well as not paying as much in interest.

Credit card companies often hide the fact that they will give people a lower rate if the consumer contacts them and requests a lower rate. The companies will sometimes drag their feet and resist giving you a lower rate but if you are persistent then you should be able to get a lower rate. Make sure that you are paying at least the minimum due as well as being timely on your bill payments to increase your chances.

January 7th through the 11th we’ll be doing the rally. That will involve blog posts, getting reader feedback about card company experience and the suggestion that you tell every friend and family member (as well as strangers!) about their opportunity to reduce their credit card fees if they would only ask! Leave a comment here if you want to join in on your blog and I’ll create a registry of blogs who are participating on a home page for this hopefully annual event. The more awareness we can generate the better!

The Credit Rate Reduction Rally ‘home page’ can be found here.

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This entry was posted on Friday, October 19th, 2007 at 11:34 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.