Richard Stockton College Purchases Former Showboat Casino

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Richard Stockton College announced Friday, December 12, 2014, that it completed a deal to purchase the Boardwalk casino-hotel for $18 million.

Showboat is one of four casinos – along with Atlantic Club, Revel, and Trump Plaza – that have closed this year in the struggling resort. Atlantic Club and Revel are still actively looking to secure buyers, while the city has plans to implode Trump Plaza.

Stockton plans to transform the former Mardi Gras-themed gambling destination into a full-service residential campus awarding undergraduate and graduate degrees and other professional training.

Stockton said that it purchased the 1.73 million-square-foot casino-hotel with funds from the college’s Investment Fund, so the transaction is debt-free and tuition is not expected to go up as a result of the acquisition.

Stockton expects to have the hotel portion of what it is calling Stockton-Island Campus operating by late spring, with some summer classes to follow. Full academic programs are expected to begin in Fall 2015.

How to Lower Your Credit Card Interest Rates

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Call and Ask Your Issuer to Lower Your Interest Rate

If your credit score has gone up since you applied for your credit card and you have a good payment history with your issuer, you may qualify for a lower annual percentage rate simply by calling and asking.

And if the first customer service rep you speak to isn’t willing to lower your interest rate, don’t be shy about calling and asking again. Another rep may be willing to cut you a deal.

Not sure of your current credit standing? Use Credit.com’s Credit Report Card for your credit scores and an overview of your credit report, for free. If you have a credit score of 700 or higher, you have good credit and deserve a low APR on your credit card interest rate.

Do a Balance Transfer

Take a look at the credit cards in your wallet and research the balance transfer offers from cards you currently carry. You may be able to lower your credit card interest rate by moving your balance to a card with a better interest rate. Even lowering your APR by three or five percent will save you money on finance charges.

And one of the cards already in your wallet may be offering a great balance transfer deal with a rock-bottom interest rate for a year or more. But you won’t know unless you check.

Keep your eye out for fees, though. You may pay a balance transfer fee of 2 to 5 percent on the balances you transfer to a low interest rate credit card. Some issuers may give you a choice of balance transfer offers, the lowest rate available may charge you a balance transfer fee and another higher rate balance transfer offer may not.

Don’t forget to factor in the costs of fees when choosing between low-rate credit card offers.

Shop for a New Card with a Lower Interest Rate

Knock down your credit card interest rate by applying for a brand-new card with a low APRand low introductory rate.

Credit.com’s comparison-shopping tool for low-interest credit cards can help you look for a better offer.

By Lucy Lazarony via Credit.com

http://www.credit.com/credit-cards/content/how-to-lower-your-credit-card-interest-rates/