Raise Your APR I.Q.

Are you carrying cards with high yearly APR? Well, stay calm because you’re APR angel maybe just be a phone call away. So what do you have to do in order to get your APR lowered? It’s easy!

• Know your APR: Take back your plastic power by knowing your latest APR found in your monthly statements. If you can’t find the number on the bill, the company charging you has to inform you about the interest number by law so don’t hesitate to call.
• Shop around for a lower rate: Shopping may have put you in a tough place to begin with so make sure you spend your time shopping for that new low rate. A lot of times new customers are given 0 APR for the first few months.
• Go from beggar to borrower: Get the latest national averages from legit sites like bankrate.com or even cardweb.com. Then score your score. If you have super prime on the board then the regular credit card companies should not be charging you the prime rate.
• Ask and you may receive: Don’t hesitate to reach out for an SOS, one phone call can be all it takes.