Balance-transfer credit cards with 0% introductory APR offers can be powerful tools to start paying off your credit card debt.
In fact, cardholders taking advantage of 0% introductory APR offers can expect 12 to 21 months of reprieve from interest charges. On the high end, that's a savings of $825 on a $5,000 balance paid off over 21 months at an 18% APR. Most cardholders stand to save even more than, given that average household credit card debt for those carrying balances reached a sky-high level of $16,048 in 2016.
We Fools believe in going beyond just dipping your toes in when getting out of debt. The stakes are high, especially when interest charges are piling up at double-digit rates.
Balance-transfer credit cards are an obvious first step for some. With that in mind, we've put together a handful of useful articles and videos discussing balance-transfer credit card and debt essentials. They cover topics like the best balance-transfer credit card offers, fees to avoid, and strategies to pay off debt faster. Spending a few minutes reviewing the following articles could help put you on the fast track to financial security.
Balance-transfer credit card essentials
- Best Balance-Transfer Credit Cards of 2017
- 7 Things to Watch Out For When Applying for a Credit Card
- 1 Time When Balance-Transfer Credit Cards Don't Make Sense
- How to Win the Balance Transfer Game
- Why Your Credit Card Costs May Spike in 2017
- 2 Credit Card Fees to Avoid and 1 That May Make Sense
- 1 Simple Way to Pay Down Debt Faster
- 1 Mistake to Avoid When Paying Off Credit Card Debt
- 3 Steps to Get Out Of Credit Card Debt Faster
- 2 Dumb Credit Card Mistakes to Avoid
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