Stacked up credit cards

Did you know that United States consumers owe more than $700 billion in credit card debt? If you are carrying credit card debt at the present time, here’s a question to answer: how much are you paying in interest each month?

Unless you have a zero percent credit card, it goes without saying that you are being hit with an interest charge each and every month. Rather than deal with this in the future, it’s time to consider a consumer balance transfer. With this, you can transfer your high interest credit card debt to a card with a zero percent rate. While this only lasts a predetermined period of time, typically 12 to 18 months, it can save you a lot of money and give you time to get back on your feet.

If carrying a balance with a high APR sounds wasteful, there are three simple steps to take:

1. Calculate how much credit card debt you have. Is it all on one card? Is it spread over several different credit cards? You need to know the total amount of debt before you can decide what to do next.

2. Compare balance transfer offers. No two balance transfer credit cards are the same, so compare several before making a final decision. Note: there are hundreds of balance transfer offers to consider, so be patient as you search for the right one.

3. Understand the terms and conditions. How long does the introductory rate last? What are the fees associated with the transfer? Is there any reason why the credit card company could cancel your rate? What is the rate once the introductory period expires? It is easy to answer all these questions by reviewing the terms and conditions.

Final tip: you can always contact a credit card company online or via phone to discuss your situation and to learn more about a particular offer.

U.S. Bank Cash+™ Visa Signature® Card

0%* intro on BTs for 12 billing cycles

U.S. Bank Cash+™ Visa Signature® Card - Travel Credit Card

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+- Features & Details

U.S. Bank Cash 365™ American Express® Card

0%* intro on BTs for 12 billing cycles

U.S. Bank Cash 365™ American Express® Card - Travel Credit Card

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+- Features & Details

Barclaycard Ring® Mastercard®

See Terms*

Barclaycard Ring® Mastercard® - Travel Credit Card

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+- Features & Details

American Express Cash Magnet™ Card

0% on balance transfers for 15 months*

American Express Cash Magnet™ Card - Travel Credit Card

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+- Features & Details

HSBC Cash Rewards Mastercard® credit card

0% Introductory APR on balance transfers for the first 15 months from account opening*

HSBC Cash Rewards Mastercard® credit card - Travel Credit Card

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+- Features & Details

HSBC Gold Mastercard® credit card

0% Introductory APR on balance transfers for the first 18 months from account opening*

HSBC Gold Mastercard® credit card - Travel Credit Card

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+- Features & Details

Blue Cash Everyday® Card from American Express

0% on balance transfers for 15 months*

Blue Cash Everyday® Card from American Express - Travel Credit Card

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+- Features & Details

Barclaycard Arrival Plus® World Elite Mastercard®

0% intro for first 12 billing cycles following each BT that posts within 45 days of account opening*

Barclaycard Arrival Plus® World Elite Mastercard® - Travel Credit Card

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+- Features & Details

Blue Cash Preferred® Card from American Express

0% on balance transfers for 12 months*

Blue Cash Preferred® Card from American Express - Travel Credit Card

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+- Features & Details

ABOC Platinum Rewards Credit Card

0.00% for 12 months*

ABOC Platinum Rewards Credit Card - Travel Credit Card

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+- Features & Details

Amalgamated Bank of Chicago Union Strong Credit Card

0.00% for 12 months*

Amalgamated Bank of Chicago Union Strong Credit Card - Travel Credit Card

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+- Features & Details

Conclusion

As a consumer with credit card debt, you know that this can be a drag on your personal finances. Thanks to a balance transfer credit card, you can leave your high interest rate in the past.

Having trouble finding a balance transfer card? We would love to show you more balance transfers, however banks control which cards are allowed on certain pages. We recommend that you view balance transfer credit cards at CreditWeb for more options.