Credit Card debt can be a pain in the neck and with the holidays now behind us, I know I’m not the only one with a little holiday related debt. Sometimes it can be just too easy to swipe the credit cards and not worry about how you’re going to pay for that sweater for Mom or socks of the brother.
However, now that you’re in a little, or a lot, of debt doesn’t mean you have to be penalized for it. You could keep your debt on high interest credit cards or you could switch them over to a 0% APR credit card that allows you to transfer your balances free of charge. It’s a way for credit cards to get you to bring your debt to them and hopefully not pay it off, or at least use their card instead of a competitors.
So use that to your advantage. I recently happened across a website, quite randomly, at www.BalanceTransfer.cc. They’ve organized all the most current 0% APR credit card offers into a great, easily navigable page(s). They’ve even got a 0% credit card offer blog that can help explain some of the issues with gimmicks and help you save a lot of money in interest.
I’ve noticed also, and had some friends sign up for, discover card 0% intro APR deals that not only save them the pain of paying interest on high debt but also give a little back if they ever decide to manage their debt well and use the card to pay for common purchases (more on that to come).
I’ve used a chase credit card 0% intro APR card that seems to be a great deal but I’m also thinking about going with an American Express credit card because I’ve never had one before and have wanted to have an AE card on hand just in case I’m ever somewhere that I need to use one. Plus they’ve got that cool “blue” card that’s almost see through.
Anyway, the point is, you can save a lot of money if you transfer your credit card debt to a 0% APR credit card. Make sure you don’t have to pay any balance transfer fees (some will sock you $75 or more to just bring your money over), and you’ll be on your way to living debt free in no time.
