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Pet Credit Card Rewards What are the credit card rewards program of American Express Blue Sky Rewards Credit Card?

4 Comments (+add yours?)

1. Jeff
   Dec 08, 2008 @ 12:19:51

   Is the 6.99 an introductory rate?

   Even if it isn’t, is there anything that would prevent the credit card company from raising your rates? The answer is “probably not”

   I would go to the bank that issued you the credit card, and ask them for a fixed-rate personal loan instead.

2. ladyc
   Dec 09, 2008 @ 15:52:51

   First be sure that your rate on your credit card is not temporary. With the current state of the housing market that might be a good move.

3. Sambo
   Dec 12, 2008 @ 20:04:23

   No. For one thing, credit cards use revolving interest which is different from amortized interest. Secondly, if you have a credit card with that high of a credit line and that low of a rate, you must have really good credit and a high income. With those two things, why are you paying a mortgage with 10.5%? Even with the credit cruch right now, you should be able to refinance to a lower rate, below 7% fixed. JMPO, stay away from the big mortage companies like Chase and Countrywide. Check with you local community bank or credit union first.

4. Brandi
   Dec 16, 2008 @ 01:05:31

   when did you get the home loan? Can you refinance?

   I would think 100,00 home loan would do less damange to your credit score than 100,000 dollar credit card debt…..?