ANSWERS: 1
  • You can ask for your credit card issuer to reduce your interest rate (APR) and if you've been paying in full and on time, they should be willing to work with you. I managed to reduce my interest from 12.15% to 10%. I now have 7.75% because the prime rate is no longer being offered. (I'll ask again if rates go up.) If you pay in full and on time it shouldn't really matter, though. Your credit report doesn't show your interest rate and the only way a lender can find out is if they ask you. You avoid finance charges if you pay in full. If you slip up, though, it's better to have a lower APR.

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