According to CardTrak, the typical American family had about $6,600 of credit card debt in 2007. That might sound pretty normal to you, but did you know that just by learning to use their credit cards more intelligently, those families could save up to $1,500 a year? To really see the benefits of intelligent card use, think of how that $1,500 could become $45,000 by retirement age 0 and much more if it was invested.

Yes, little things like interest and fees really add up over time. Fortunately for card holders, there are several ways to reduce the amount of money they throw away on interest each month.
First, try to negotiate a lower interest rate. Call your bank or card issuer and politely let them know that you0ve been offered a lower interest rate by one of their competitors (even if you haven0t). To be successful, stay jovial and polite. Be realistic about the interest rate you request. The average interest rate in America at the time of this writing is 12-15%. The higher your credit score, the lower the rate you can reasonably expect. Also, you0ll need to have a positive history with this card issuer that you can point […]

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