Don’t Pay Credit Card Interest

Chances are you have a credit card, and use it for all types of transactions on a daily basis. These days, merchants accept credit cards for purchases less a dollar, and don’t even require that you sign the receipt on smaller transactions.

But with all the increased credit card activity, you’re bound to end up paying interest charges each month as well. If you carry a balance each month, you will be charged finance charges, that can range from 5-25% or even higher if you have poor credit.

Many consumers continue to pay finance charges month after month while paying the minimum payment on their credit cards, essentially paralyzing themselves in the credit card trap.

But there’s a simple solution to avoid paying interest on your credit card debt. Use credit card balance transfers! With a balance transfer, you can open a new credit card that offers 0% APR for the first 12 months. Instead of paying down your new plasma screen each month, and paying more in interest and zero in ownership, pay it off completely with your new 0% APR credit card. Then make full principal payments each month with 0% interest.

There’s no reason to keep paying credit card interest at outrageous rates when other banks are offering 0% APR for the same balance. And don’t be discouraged if you’ve never done a balance transfer before, or if you’ve heard it may hurt your credit. You’re throwing money away if you continue to pay down your high-interest rate credit cards.

Related Topics:

1. Credit Card Finance Charges
2. How Can I Lower My Credit Card Interest Rate?
3. Which Credit Card to Pay Off First?
4. Lower Your Credit Card Interest Rate
5. If you Carry a Credit Card Balance, You Better Have 0% APR