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3 Fail-Proof Strategies To Cut Your Credit Card Interest Rates

3 Fail-Proof Strategies To Cut Your Credit Card Interest Rates

Credit card debt is a fact of life for many of us. This article isn’t about stating the obvious — avoid credit card debt, stay within your budget, don’t be late. It’s about how to make a bad situation better.

Regardless of the reasons you’re stuck with credit card debt, there are things you can do to ease the pain. In fact, we’ve found a few ways for you to turn the tables on the banks and have them pay you to borrow their money instead of the reverse! Seriously — keep reading to find out how.

Balance Transfers: Go Surfing

This is one of the most cost-effective ways to reduce the interest on your existing credit card debt. All you have to do is transfer your high interest balances from your existing credit cards to a new credit card with a low interest balance transfer offer. There are several balance transfer promotions in the marketplace that offer 0% interest rates for 12 months or more.

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The banks are so hungry for new customers that they’ll lend you their money for free for a year or more in the hopes you’ll stay a customer with them over the longterm. But in this case, loyalty doesn’t pay.

Thousands of people surf from one 0% balance transfer offer to the next, never paying any interest on their credit card debt. This is true in the U.S., U.K., and even for balance transfer offers in Canada. Just make sure to never make a late payment and watch out for hefty balance transfer fees.

0% Purchase Rates: Pump & Dump

If you’re about to make a purchase that you know you’re not going to be able to pay off right away, get a new credit card with a 0% interest rate on new purchases.

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Again, banks are more than happy to offer you 0% rates for 12 months or more on new purchases. But remember: they only do so because more people screw up than not. Know the rules, stick to them, and you’ll have those fools funding your 0% rates. Break the rules and you’ll be the fool.

We have one Golden Rule to stay out of trouble: use automatic pre-authorized payments to pay down your debt. Find out your minimum monthly payment and the due date. Set your pre-authorized payments to meet or exceed the minimum payment and you’ll never have to think about your loan again. All your payments will be automated, taking away the risk of a late payment, and losing your 0% rate, out of the equation.

Renegotiate

Let’s say you already have credit card debt and you can’t get approved for a balance transfer. Not all is lost. Believe it or not, banks are just as scared about you defaulting as you are.

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Call your bank and ask them to lower your credit card interest rates. Not every request is granted, but there is absolutely zero downside to asking. The worst that can happen is that they say no. Big deal.

That said, there is a technique that will increase the likelihood that the bank says yes. First, ask the bank if they can lower your rates. See what they offer. Then, let them know you’ve received several 0% offers from competing banks Y and Z. Tell them you’ve been a customer of theirs for a long time and would prefer not to go through the hassle of applying for a new card if they can match the offer. If that doesn’t work with the first customer service representative, politely ask to speak with their supervisor — supervisors often have more authority to offer lower rates.

Conclusion

Just because you’re stuck paying high interest rates on your credit card debt doesn’t mean you have to do so forever. Put a little effort in and you may have the banks competing to offer you 0% for the privilege of servicing your debt. When the rules don’t work for you, sometimes it’s best to change the rules or start a new game. Here’s your chance to have the banks lend you money on their dime!

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Featured photo credit: Republica / Pixabay via pixabay.com

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Marc Felgar

Marc Felgar is an aging, health & senior care expert focused on improving the lives of mature adults.

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Last Updated on February 11, 2021

Want to Get Free Product Samples Like Bloggers and Beauty Gurus Do? Read This.

Want to Get Free Product Samples Like Bloggers and Beauty Gurus Do? Read This.

Imagine receiving a regular supply of free samples through your letterbox?

These free samples by mail could include things such as cleaning products, cosmetics and packaged food.

Free samples are a great way to try out some of the latest products. One week you may have a new toothpaste to try – the next week you may be snacking on a delicious chocolate cookie sample.

As the saying goes, variety is the spice of life. And by requesting free samples by mail (I’ll show you how shortly), you’ll have not just variety – but fun too!

Tell Me More About Getting Free Samples Sent to My Door!

So, it looks like I’ve caught your interest. That’s great news!

Just before I introduce you to 10 places where you can get free samples by mail, let me clarify a couple of things.

Firstly, all the places I’ll talk about are currently active in sending out free samples to consumers. (In other words, no links to out-of-date or dead pages!)

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Secondly, location is key. If you live in North America, then you’ll have a wide selection of places to sign up to. In other locations (for example, Africa, Asia and Europe), you’ll have fewer choices – but free samples by mail are still a possibility.

Lastly, to whet your appetite for the freebies, here’s a short list of product examples:

  • Pet food.
  • Beauty products.
  • T-shirts.
  • Greeting cards.
  • Wallets.
  • Snack bars.
  • Vitamins.

Free Samples by Mail… Tell Me Where to Get Them!

It’s now time to share my recommendations for the best sites to claim free samples from.

Let’s start with…

#1 SampleSource

    This company sends out boxes of 6-12 free samples about four times a year. Products include baby wipes, cereals and tissues. Register with SampleSource to be notified of the availability of their free samples. (Canada and U.S. only.)

    #2 Influenster

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      As their name suggests, Influenster wants to send free samples to you in exchange for you sharing about the products on your social media accounts. Once you’ve become a member (join for free!), they’ll send you a box of free goodies every few months. The more you share pictures and reviews of the products – the more free samples they’ll send you! (All major territories.)

      #3 PINCHme

        This organization will send you free samples in the hope that you’ll then go out and buy the equivalent full-size products. To receive regular boxes of free food, drink and cosmetic samples (and sometimes coupons), then sign up and create your profile. (U.S. only.)

        #4 House Party

          Thinking of throwing a house party? If yes, then be sure to sign up with this company. They’ll send you a box of ‘themed’ products and services that you can hand out at your party. Register with House Party. Wait for the fun freebies to be mailed to you. And then start sending out your party invites! (Worldwide.)

          #5 YoFreeSamples

            This site is a great resource for a whole host of free samples that can be mailed directly to your door (with no survey requirements!). You’ll find anything from books to perfume, with new offers listed daily. Head over to their site to see what’s currently available. (Mostly U.S., with occasional offers for other countries.)

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            #6 Magic Freebies

              The U.K.’s most popular freebie site. Register for their email newsletter, and they’ll send you a daily email with eight free sample offers. These include products such as disposable razors, dog bowls, and even fake tan! So, what are you waiting for? (U.K. only.)

              #7 SweetFreeStuff

                Since 2002, this simple site has been linking to the best free sample offers currently available. To get started, sign up to their daily email newsletter, which contains links to the latest offers. As well as free samples, SweetFreeStuff also gives information on coupons and deals. (Worldwide.)

                #8 Sample A Day

                  Would you like to receive a notification of a new free sample every day? Well, that’s the promise from this site. They claim to thoroughly research all offers, ensuring there are no catches or hidden surveys! From baby products to socks, this site is sure to have something for you. Registration is super-easy. Simply enter your email address. (Australia, Canada, U.K. and U.S. only.)

                  #9 Pretty Thrifty

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                    This site specializes in free beauty products, but also lets you claim free samples such as energy drinks, snack bars, and even magazine subscriptions. Pretty Thrifty has more than 85,000 followers on social media, so clearly knows how to attract free sample hunters. One thing that makes Pretty Thrifty stand out from most of their competitors, is that their email newsletter is available in daily, weekly and monthly formats. (Mostly U.S., with occasional offers for other countries.)

                    #10 CrazyFree

                      My final tip for getting the best free samples by mail, is Australian company CrazyFree. Their funky website offers big brand free sample offers, which currently include items such as Dolce & Gabbana perfume, Coke Zero, and Happy Dog pet food. To claim the offers, select the free samples you would like, and then complete their registration form. (Australia, U.K. and U.S. only.)

                      Receiving regular free samples by mail is a fabulous way of testing out the latest products on the market (and some that aren’t even on the market yet!)

                      You’ll impress your friends and family with all the free stuff you’ll be receiving. And take it from me… it’s a fun, free and rewarding hobby.

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