Each year, America is seeing a rise in consumer credit card balances. Being a society that loves to spend more than we make, many Americans are finding their self in mounds of debt and are searching for a way out. When it comes to getting ones finances in order, a balance transfer credit card is an excellent option.
Balance transfer credit cards with 0% APR are a great way to consolidate high interest rate credit cards and rapidly pay down high balances. By cutting back on spending and making large payments towards your credit cards, you can quickly erode away large sums of debt. Many Americans have successfully lowered or even eliminated their credit card balances by using a balance transfer credit card.
Choosing a great balance transfer credit card is the key to successfully lowering your debt. A card that offers an extended period of no interest along with a reasonable APR after the intro period and low balance transfer fees is necessary in order to make it work. In addition to finding a great card, it is also important to correct your spending habits. Overspending is most likely the reason that your debt is currently unmanageable.
Healthy Financial Habits keeps you up to date with the latest balance transfer credit card offers. Here is today’s top pick for a balance transfer card:
Citi is currently offering the Citi Forward card with 12 months no interest on balance transfers and a variable interest rate as low as 12.99% after the introductory period. This card has no annual fee and also offers Thank you points when you make purchases in select categories.
Author: John Zinsky
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