I have heard many of you talking about calling your cc and asking for lower rates. I know that they do this quite a bit. I have a credit card through my bank. The interest is quite low for purchases. The total balance is about $9,000. $6,000 of the balance is from purchases and the interest is 8.74% (I am happy with that), but the other $3,000 is from cash advances and the interest is 19.99%. My purchase balance is going down (slowly), but my cash advance balance raises each month! It is very frustrating.
Does anyone have an experience with cc like this and getting the cash advance rate lowered?
Also, I am in the process of divorce and will be responsible for the payment to this cc which is a joint account. Can I cancel the card before the balance is paid off, so that niether of us can use it?