If you have a credit card, then you’re like most people I know. If you don’t already know it by now, let me tell you this: credit card companies are not your friends.
I don’t care how many $20 gift certificates or free hotel upgrades you get with your credit card, the only thing they care about is getting as much money as possible from you.
I know a lot of people with ridiculously high rates on their credit cards–rates at high at 29%! It’s usury at its worst. If you have high interest credit cards, your number one priority today should be to reduce your interest rate today.
It’s simple math. Less interest, less debt.
Stop what you are doing and read the Simple Dollar’s Guide to Getting Credit Card Rates Reduced.