Credit Card Company Who offers the best APR today?

[Eli at Pelican Parts]

Hi all,

Hoping to find some much needed information here.

After looking at my credit card statements I noticed that the two cards that I hold have been slowly rising to a ridiculous rate. I called in to see if they would be able to lower them as I've done in the past but I'm hitting a stonewall here.

Can anyone recommend a service or a promotion so I can "Dump" these guys......

Thanks,

-Eli

If you have any promotional links that would work best....

[VincentVega]

Try this http://www.the-best-credit-card.com/?affid=10305&source=goog&keyword=best%20credit%20card

and/or www.bankrate.com

[Eli at Pelican Parts]

Actually I got to looking..... http://www.pulaskibank.net/?afid=9

Take a look and tell me what you think.

-Eli

[Don Ro]

More here:
.
http://www.cardratings.com
.

[FrayAdjacent911]

I need to pay off a couple soon and close them.. My Discover went absofreakinglutely insane on the rate...

Gonna tell them to lower it to a good rate, or close the dang account.

[Vipergrün]

I must get 3-5 0% interest for 12 month offers per week.

-B

[Eli at Pelican Parts]

I had two cards at 7.9% for years.... I pulled old records....

Now one is 10. something and the other is 16.something!!!!

When I called I asked "Would you consider me to be a good customer?" Of course they both said yes but they couldn't do anything to lower the rate.... Come one give me a break....

I'll ditch these guys when I open a new account. I got 760+ on my score so it's very easy to gain credit.... As for credit card applications in my mail box.... Where do you thing Pelican gets all it's packing materials... "What's in your wallet?"

-Eli

[pbs911]

Be carefull and read the fine print. The low APRs advertised are based upon your representation you have perfect credit and have never madea late payment to anyone within a certain period of time. Once the company issues you the card they check your credit. Under the agreement you signed with them, if they find any "credit problems" you authorize them to start charging you interest rates as high as 21% and a monthly service fee.

This is legal and a result of the sort of legislation that is passed in the wee hours of the night when the media diverts your attention to the Michael Jackson type events.

[Eli at Pelican Parts]

Originally posted by pbs911
Be carefull and read the fine print. The low APRs advertised are based upon your representation you have perfect credit and have never madea late payment to anyone within a certain period of time. Once the company issues you the card they check your credit. Under the agreement you signed with them, if they find any "credit problems" you authorize them to start charging you interest rates as high as 21% and a monthly service fee.

This is legal and a result of the sort of legislation that is passed in the wee hours of the night when the media diverts your attention to the Michael Jackson type events.

Well hope a 760 is good enough for them.... despite MJ and his sister's diversions.

-Eli

[BGCarrera32]

If you look in the back of Money magazine they print the best card rates, CD rates, savings, mutual funds, etc. Sort of a big spreadsheet of all that...

[jrdavid68]

Depending on how many cards you have, you may want to keep the old accounts, just not use them. The length of time you have had some accounts open, help your credit score. Don't lose that good "history" by canceling them since you will have no history with the new accounts.

Of course, if you have a dozen credit cards - it's time to thin the herd.

[Eli at Pelican Parts]

Thanks for the input Jrd....

I only have two open card accounts, one I've had for over 10 years and the other for only a few. I'll probably ditch the shorter term on and pay off the balance of the other..... Well at least until they straighten up on their end....

-Eli

[jriera]

Eli, with a 760 score just get an American Express, pay every month and don't use the other ones...

[LeeH]

Call them back and ask the procedure for closing the account. Tell you're about to open a new account with a low APR and when the new card arrives you'll be doing a balance transfer and shutting this one down.

Odds are you'll be transferred the retention folks who will jump through hoops to keep you around.

[Eli at Pelican Parts]

Originally posted by LeeH
Call them back and ask the procedure for closing the account. Tell you're about to open a new account with a low APR and when the new card arrives you'll be doing a balance transfer and shutting this one down.

Odds are you'll be transferred the retention folks who will jump through hoops to keep you around.

I asked each of them before getting off the phone if they could give me my "pay off balance" but still this wasn't clear enough for them.... When I'm ready I'll just == ==

[Eli at Pelican Parts]

Originally posted by jriera
Eli, with a 760 score just get an American Express, pay every month and don't use the other ones...

I was considering that but I like Visa.... "It's where you want to be"..... Actually it's just accepted everywhere.....

-Eli

[TerryH]

A couple years ago, Capital One Bank offered me 2.1% fixed on any balance transfers until it was paid off. I put the $16K balance of my work truck on it. It must of pissed them off, because recently I got a notice that my rates were increasing. I wrote them and said I didn't agree to their new terms and I would not be using their card ever again. If I do use their card, even by accident, I agree to their rate hike through default and my balances would be subject to their new rate.

So, even if CC companies threaten to raise rates on a fixed rate card, you do not have to yield to their terms. Just refuse in writing and tear up the card. If there are no new charges, the rate must stay as it was under their old terms. This may only apply to California and your states law may differ.

On variable rate cards, you're pretty much at their mercy.