It Never Hurts to Ask
If you carry a balance on your credit card, brace yourself: The Fed hiked benchmark interest rates this week by a hefty 0.75% for the third time this year. Currently the average APR on new credit cards is at a staggering 18% — just 1% behind the all-time high, and cardholders can expect to see their current rates rise within the next couple statements. Assuming that cutting up your cards isn't an option, there's still a way to save. Amazingly, a recent survey by LendingTree has found that the majority of people who simply ask for better credit-card terms get them — but less than half of credit-card holders ever negotiate. It also turns out that there's plenty more than a better interest rate that credit-card users can ask for, and stand a good chance of receiving.
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