by Mary Suplee on Nov 16, 2018
High interest credit card debt can take an eternity to pay off when so much of your payment is towards interest. If you’ve accumulated credit card debt and want to consolidate and pay off your debt, there are some good alternatives that offer 0% interest for up to 21 months and $0 annual fee credit cards. For those with fairly good credit scores, a look at www.BankRate.com shows several options for consolidating debt. This can allow you to lower your monthly debt payment on big purchases or balance transfers. For example, if you’re paying $1,000 a month on your credit card but $250 of that goes towards the interest payment, a 0% rate over 21 months would save you over $5,000! You can get the balance down by paying off the debt instead of paying interest.
Take a look at their website. You can pick the card that suits your needs whether it’s for 0% interest, balance transfers or low interest rates. There’s an option for those that want to maximize their ability to earn rewards and another option that offers 21 months of 0% interest on balance transfers. There are some that offer the best cash back deal. They’ve done the research for you and provide advice on which cards they recommend.