Save money with the right card

You are probably familiar with how burdensome credit card debt can be. However, you’ll be relieved to know that it is possible to pay down your debt and/or interest with relatively lesser payments in a shorter period. Balance transfer cards offer longer zero percent interest and that’s why it might a good option to transfer your debt to these special cards. Where as a standard credit card comes with interest rates applicable on balances that are carried over month to month, a balance transfer card will give you some breathing space to pay down debts before interest starts to accumulate. 

Take advantage of special introductory 0% APRs

Interest rates play a crucial role in your efforts to pay down debt. For perspective, compare the amount you would have to pay if there is an 18% APR on a debt of $10,000 versus using a balance transfer card at 0% interest. In spite of paying $300 in transfer fees, you could still save approximately $1,431 by paying down debt with this card. What’s more, you can even save on transfer fees by applying for a card on which transfer fee is not applicable. There will be various factors such as credit scores used to determine whether you qualify for transfer savings.