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How to Get a Low Interest Rate Credit Card

I have several credit cards. I don't use them very often, but once upon a time, I did. I used my credit cards and in turn, abused my credit score. My relationship with my credit cards and credit was not a good relationship.

That changed when I reached the lowest point of my adult financial life. I had lost my job, I couldn't pay my bills and I had mouths to feed at home. Luckily, here in Erie, Pa there exists a company that does a lot of the day-to-day management for one of the largest credit card companies in the world. Just as luckily for me is that they had an immediate opening that I could step right into.

Once I finished my two weeks of training and started handling customer concerns firsthand, I saw the benefits of low-interest cards and how the customers that held them achieved them in the first place. What I learned is that the people that have very low rates get them because they deserve them. They've managed their credit the way someone else will manage their appearance or social life. They've started out with whatever credit they could get as young adults, and then they've taken whatever steps were necessary to ensure they didn't mess it up.

These people pay their bills on time; usually the entire balance so as to not revolve a balance, they don't charge exorbitantly and they ensure they will always have the lowest rates available by asking for them. Yes, that's right, they ask for the lowest rate.

This might seem like an impossible dream to many, but I can't tell you how many calls I received per night that involved the client asking if they had the lowest rate available to them. If they didn't, it was my job to offer them a lower rate. Sometimes I would take them to the lowest available and sometimes they'd be happy with just a point or two reductions. Regardless, these people did their due diligence by ensuring that they had the interest rate they deserve.

Now they did this because they know one simple fact that everyone knows but few actually put into practice in their daily lives. The fact that low interest credit cards can save you a lot of money over the course of a lifetime. The kind of money that could be the difference between living in a dream retirement home and living in a camper community.

In conclusion, the best way to get a low interest rate card is to start out young with good credit habits. Pay them on time. Don't revolve balances if you don't have to. Use them sparingly if you have to use them and always ask for a rate reduction. If you do these things, you'll always have the rate you deserve.

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