Lowering your Bank and Credit Card Fees

Every bank has different fees that they charge for different things. If you already know what these fees are, try to contact your bank for something that’s called a “fee reduction package”. This will help you to save money by paying either a monthly or yearly fee to the bank, rather than lots of small little ones. Other things to look for are special programs they may offer for Students, single parents, or seniors.

To lower your interest rate, just pick up the phone and call your lender. Credit card companies are constantly competing for each other’s business, and because of that, they will match other offers if you ask them to. If you find a cheaper rate, ask them to work with you so that you don’t take your business elsewhere.

Don’t be afraid to speak up – Don’t ever feel like just because they are the bank, that it means they are always right. They can make mistakes too. If you ever find something that is wrong with your statement, or your loan, call their customer service line and tell them about it. If they don’t sound responsive to your concerns and complaints, ask for a manager. Although this may be time consuming, it could pay off in the end. Another way to get their attention is through an e-mail. Be honest and tell them what you are having a problem with. Just remember, they are more afraid of losing your business than they are of helping you out.

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Filed under Bank Saving, Credit Card Saving |