Save Money With a Balance Transfer Card
If you’re one of the many Americans battling with credit card debt, the last thing you want is the lure of yet a new card? In fact, a new balance transfer card might be your ticket to repaying that debt and also saving a considerable amount of interest in the process.
Almost every credit card company supplies “balance transfer” options, and also the promos for them have seldom been better. A balance transfer is a rather easy idea. A balance transfer is when one credit card company takes your debt from a competing company for little cost, by luring you with a much-reduced interest rate compared to you’re presently paying. Sometimes the balance transfer card can offer you 0% interest for six months or more. Sometimes getting a new credit card to combat old debt with a balance transfer is the best way to eliminate that debt.
U.S. Credit Card Debt is High, and a Balance Transfer Card Can Help
The U.S. credit card debt numbers are moving back to pre-recession marks. The nation has collected almost $1 trillion in the red on credit card debt. The average American household brings in a balance of approximately $8,000 of debt.
Your balance transfer card likewise enables for no interest on brand-new purchases. There are many a balance transfer card that will let you further increase debt. You have to be cautious not to pile brand-new credit card debt on top of existing debt.
Best Credit Card Offers for Balance Transfers
- Citi Simplicity® Card
- Discover it®
- Wells Fargo Platinum Visa® Credit Card
- U.S. Bank Cash+™ Visa Signature® Card
CreditSoup Balance Transfer Cards
In conclusion, if you’re one of the expanding numbers of Americans monetarily paralyzed by credit card debt, a balance transfer card can be simply the break you require to get back on track to financial health. There are balance transfer credit cards that can offer you a lower interest rate than you are currently paying.
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