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<<Are there any Fools out there that have successfully reduced their credit card interest? Citibank is
giving me the shaft as far as me trying to reduce the interest. (They will increase my _limit_, but they
will not reduce the interest rate . . . . the jackals.)>>

A friend of mine once called every bank she had a CC from to request lower rates. Any that refused, she cancelled the card on the spot. When she did that, most of them caved in and lowered the rate.

I got something from Citibank some time ago (I am fuzzy on the details at the moment, but I have all the 411 at home) offering me a lower interest rate. No annual fee. I took it. A couple months ago I got a statement with an annual fee on it. I called to ask about it, and they fixed my account so I wouldn't be charged again. But it wasn't credited on my next statement, so I called back and the person I talked to knocked it right off. No problem, no hassles.

The only card that did give me trouble as far as lowering interest rates was AmEx, and that was because I had a Student Optima card (I had graduated). So I closed that account and got a regular Optima card. Much lower interest rate (and a nice introductory rate -- I wasn't so Foolish yet, and had just experienced the financial joys of setting up household in a new place), and no annual fee. No problem.

On a bit of a side note, I got my credit report from 2 of the big 3 reporting agencies. No problems, I had a couple of dept. store cards I haven't used (since that first purchase when they gave me the 10% discount for getting the card) that are now history. A gas card, which I never even actually saw, is going the way of the dodo soon. For some reason Phillips 66 sent me a credi card, even though I don't remember ever applying for one. It arrived at my parent's house (I was off at college at the time), and Mom saw the return address and presumed it was a new card for her account. Nope. That's OK. It came in handy for her, and she paid it in full every month while she had it, so it's no problem on my credit rating. :-)

Jedi in Orbit
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