Well perhaps lazy is too strong a word and complacent might fit the bill better.

Its a startling headline but true that there are thousands of people worldwide that never bother to check how competitive their credit cards annual percentage rate is. The truth is that most people who start off with a good interest rate on their credit card accept that it will always be competitive and are losing thousands of dollars per year in interest charges.

Keeping track of how competitive your credit card interest rate is might seem a bit of a chore, however I try to look at the situation is this way. Consider that your credit card company is charging you even a reasonable 5% interest rate and you are eligible to transfer your balance owed to another credit card company who are offering a 0% interest transfer rate, this could save you a substantial monthly amount which could be used for a vacation or similar enjoyable use of your hard earned money.

Just think now, when was the last time that you sat down and really considered what your credit card company was charging you in interest each month, again consider when was the last time that you took a positive attitude to search for a more competitive credit card.

With credit card companies now aggressively advertising for new customers and offering their best interest rate products it really is in your own interest to seek out and take advantage of any better rate deal that is available to you.

Perhaps again you should consider how many hours per week you have to work just to pay the interest on your credit card bill, this way at looking at interest charges can be quite sobering and should give you the boost to seek out better credit card offers that are being advertised daily and are yours for the taking.

Many people seem to place a misguided loyalty in staying with one credit card company and think that this may be of benefit to them, however it really is the fact that now a days loyalty to any financial institution rarely pays dividends and you should monitor your credit card interest charges on a regular basis with a view to constantly updating your situation and positively managing your financial out goings.

Always remember that it is up to you to be aware of any savings you can make by transferring to a better credit card company who offer a better credit card interest rate, your existing lender will very rarely advise you to move to one of their new products that will save you money but reduce their profits.