Negotiating Rates with Your Credit Card CompanyWritten by Claire Bowes
Ok, let’s face it, everybody hates high credit card rates, and they drain hard earned money out of your wallet. As a valued consumer, it is apparent that you learn how to negotiate to get absolute best rate that you possibly can. The good news however is that it doesn’t have to be a difficult or time-consuming process. In fact, it can be very easy indeed if you know what you’re doing. In this article we will discuss ins and outs of credit card negotiating to ensure that you get best possible rate with least amount of effort.1. First and foremost, you should figure out if you even want to continue using your current credit card company. Are you pleased with overall service that you are receiving? Do you like their benefits? If answer is yes then you can proceed. If not, you should stop reading this article and start looking for a better company. 2. Second, you should evaluate your paying history and make sure that it is positive before you call to negotiate. If it is positive then you have power and if it isn’t then you’ll be negotiating from a position of weakness and that might not be good. Instead, you should wait until it is more positive before you call them to negotiate rates. 3. Third, if you have a good history then remember this when you call. In essence, you’ll have extremely high negotiating power. The company needs your business in order to be successful and with clients they lose big time. Therefore, you should always display this “take them or leave them attitude” while conducting your negotiations. 4. Draft up a script and memorize it. It can be as simple as “Hello, my name is Bill and I have been a cardholder for X years and I consistently pay my bills on a time. Well recently I have been receiving all types of credit card offers from XYZ bank indicating that I qualify for an extremely low interest rate of X and am considering leaving you and going there if you can’t offer me a lower rate. Is this something that you can help me with?
| | Credit Card and InsuranceWritten by Alex Wu
Credit card and insurance are two very important financial services in modern sociaty. In a world that is built on basis of credit, credit cards is a part of daily life for most ordinary people. Insurance, on other hand, is something to protect you from uncertainty which may happen unexpectedly to anybody. The idea of insuring future is now accepted by more and more people. Insurance and credit cards go hand in hand in many ways. Coverage for certain insurance policies are sometimes provided as benefit by credit cards issuers at no extra charge. For example, Chase i-card provides following insurance coverage: $500,000 Worldwide Automatic Travel Accident Insurance coveragePurchase Protection - an insurance program that covers purchases against damage or theft for 90 days from purchase date Auto insurance and travel insurance are usually such benefit for cardholders. For an additional premium, insurance protection plans are also available for cardholders to protect an outstanding balance on cards. Usually, insurance policy will cover following: Critical Illnes Protection: For a primary or spousal cardholder under 65 years of age and were to be diagnosed with certain critical illnesses, such as Cancer, Heart Attack or Stroke, insurance policy would pay in full balance owing on insured account up to a maximum. Disablitily Protection: For primary cardholders under 65 years of age who become temporarily disabled as a direct result of an illness or accident, this insurance policy will make minimum monthly payments with certain limitation. Accidental Death Protection: For primary or spousal cardholders over 65 years of age and were to lose their life as a direct result of an accident, full outstanding balance (to a maximum limitation) will be paid in full by insurance plan. Job Loss Protection: For a primary cardholder under 65 years of age and he or she becomes involuntarily unemployed, insurance policy will cover minimum monthly payments based on balance to a certain limitation until cardholder is working again, or until your balance is reduced to zero.
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