My Debt Blog

I have been talking to my credit card companies for some time now trying to get myself better rates. One of the major problems I was having was my balances were too close to the limit in order to offer me a better interest rate. A technique I applied was to ask them for a credit line increase, sometimes this can offset the utilization to reduce the interest rate.

My Bank of America card got raised by 1k and I called this month and got the interest rate down to 17.24% APR which is much better than that 25.24% I had been paying. My Citi Dividend card got a nice $3600 increase bringing my utilization way down. Called them last night and asked them if they could reduce my 11.24% APR, they said no. I asked for a supervisor and sat on hold awhile, got a rate specialist and asked her for a lower rate. She told me I had a good rate, which I told her that is a decent rate, I want a great rate. After telling her that I get offers in the mail all the time for much better rates she finally threw 9.9% APR at me, sold!

Now I must admit the bad news regarding debt not the event. It is coming up to my one year wedding anniversary and we both would like to celebrate it in style since it is the very first one. We’re going to stay at a Jacuzzi suite and go to a fancy restaurant, and for now the plan is to hold over the cost on a credit card. I’m also trying to figure out what we should be spending on each other. I don’t want to start any fights over trying to budget this stuff. These minor increases are temporary and will be my focus to get rid of so I can get back on track. I’m also going to start setting some money aside now in preparation for Christmas so I try to avoid doing this in the future.

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