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The 28 consumers who landed lower rates saw the APRs on their cards drop from an average of 16 percent to 10.47 percent. Slicing interest rates by more than one-third by making a quick phone call is pretty impressive. A handful of consumers did exceptionally well. One cardholder saw his 14.99 percent rate reduced to zero for six months. That''s quite a deal. Another cardholder saw the APR on her credit account drop from 31.12 percent to 14.65 percent. Until she called, she had no idea she''d been paying a penalty interest rate. She didn''t realize that for six months she was paying this outrageous 31 percent interest rate," the principal author of the rate reduction survey and study. It can''t hurt to ask Why platinum are card issuers so willing to cut interest rates for so many of their customers? For one select thing, competition in the aadvantage credit account industry is fierce. platinum If you''re a good customer, a card company is going to want to hang on to you.

You''ve just received a major credit with your name on select it and aadvantage a $1,000 spending limit. If mom dropped you off at the mall, or left you home alone to shop online, would you have the knowledge and maturity to use it wisely? Probably, but ...Think of it like learning to drive. You had to drive with an adult for a minimum of six months before you could apply for a full license to go cruising on your own. platinum Using a credit account wisely takes some practice too and, a dose of select adult supervision. The world of plastic money can be tricky and unforgiving. Mistakes hit you in the wallet. But, the teen market is a profitable one. Did you know that your aadvantage generation spent $172 billion last year? It''s no wonder the credit industry is bombarding your mailboxes with account offers.

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