What is credit card APR? APR usually matters most during the time you are determining which credit card you want to use.. It’s a common notion (and a correct one) that credit cards with great benefits come with higher APRs. This is true for just about every credit card company in existence.

You might have a credit card with a high APR but it offers so many benefits and advantages you can’t resist it. It might even have some membership benefits that you require for you lifestyle. There may be countless benefits for you but over time you will realize that you are paying a high credit card APR compared to other cards on the market. This can become a confusing situation, as you don’t want to lose your benefits that come with your current card and you also don’t want to pay the high credit card APR. In this situation you’ll need to find a way to lower your APR without losing your benefits. Is it possible?

Sure, let’s take a look at it.

This example will assume you have a good credit history. When in this position you receive lots of mail and letters from credit card companies letting you know about various new offers and rates. You mailbox is probably full of unsolicited letters from credit card companies and your natural instinct is to shove all of them into your paper shredder as soon as you get them, burn them and then bury them as well just to make sure they are gone. But wait… that’s not always the best thing to do.

Take a look at these brochures you are receiving and compare the credit card APR with your current credit card company. This can serve as valuable research and it’s all being sent to you without you having to lift a finger. Once you’ve done some comparisons, give your credit card company a call and tell them that you have found a better offer with a better credit card APR from another company. Normally the first person you talk to does not have the power to change your plan and their job is to convince you that your current plan is better in some way. If this happens, ask for their supervisor and explain the situation.

CreditorLink offers an easy to use tool that allows you to compare credit card apr of several different cards in one place. Click here to get started now.

You can expect the same response from the supervisor that you got earlier, that your current plan is great and there is no reason to change, but keep in mind that THIS person has the power to change your credit card APR. If you remain adamant that you are leaving the supervisor can cut down the credit card APR anywhere from 10% - 50%, you may only get that rate for the next 6 months but you are still saving money compared to your old plan. Now while you enjoy you’re new, lower credit card APR you can look for even better offers and plan for a switch when the 6 month period has ended.

Sounds pretty easy right? Well it gets even easier. CreditorLink.com offers an online tool that allows you to check credit card APRs against each other and see multiple rates from multiple companies side by side. To begin comparing credit card APRs now click here.

No problem, you can repeat the same strategy after a period of six months, unless you really get a better offer!