Six Ways to Lower Your Credit Card Interest Rates

My friend Alice had been a loyal, responsible user of her credit card since 1998. While she normally paid off her monthly bill in full, she had recently lost her job and as a result she was currently carrying a balance of about $10,000. Her interest rate had always been rather low -- about 9% -- but she checked her statement to see what her current rate was, and to her shock, she discovered that her credit card was charging her 29%!