Low APR Credit Cards For Freedom From Debt

Do you find yourself like so many others just barely making your minimum payments on your credit cards, Around seventy percent of Americans rotate a balance on one credit card and forty five percent only make minimum payments on any of their accounts each and every month. Your credit card balance can really take many years to pay down when you are only making minimum payments.

But, you can use a low APR credit card to enjoy freedom from debt. The first step of course is to learn to live within your means and plan a budget that you can stick with. Now, you know who much you can afford to spend monthly. Now search out credit card companies that offer low APR credit cards. Be sure that it is not just a promotional ploy to get your business and then apply.

Once you are approved you should be able to transfer your balances from those other credit cards that have you in higher interest rate bracket. 1,600 your first month. 1,600 to play with. Instead of spending this money to go into debt even further, use it to pay down your principal.

This money that you are saving in interest can now be applied to the principal and as long as you do this instead of spending it on other things you will see your debt disappear. A low APR credit card is not an over night fix for your financial troubles, but there is no quick fix. It took you awhile to get your finances in this array and it will take time, discipline, and budgeting to get your spending habits under control.

Another card to consider is the BankAmericard Credit Card which offers 0% for 18 months on balance transfers done within the first 60 days. After the introductory period, the rate falls into a competitive range between 11.24 and 21.24%. A standard 3% balance transfer fee applies. Let's say you can get a balance transfer for 12 months at 0% with no transfer fee or one for 18 months at 0% with a 3% balance transfer fee.

If you need 18 months to pay off that balance, take the longer transfer and pay the fee. One of the best ways to manage a balance transfer is to divide your balance by the number of months the low-rate offer is available, then set up auto pay for that amount. I did this with a 0% offer from a home improvement store and it worked beautifully, said Gerri Detweiler, head of market education for Nav. Sometimes the best credit card deals can be found in your own backyard.

While credit cards from large national banks and financial institutions are better known because of heavy advertising budgets, often times the real gems are closer than you think. You do need to be a member of these credit union to apply for all three of these cards. Here are some other cards to consider.

Please click here for the printable PDF with more information on cards from PNC Bank, SunTrust and more. That concludes our list of the best 0 percent balance transfer credit cards we are currently aware of. As our experts have mentioned above, it is important to spend a little time and plan for transferring your balances. You want to do the math to find the card offer that works the best for you.

If you can afford to pay a 3% fee to transfer a balance to a card that is interest-free for a longer term, such as the Citi Simplicity card for 21 months, that may be your best move. If you want the security of knowing the rate will be low following the promotional offer period, another card, such as from TruWest Credit Union may work better for you. We wish you the best in your card research and selection and hope the balance transfer process goes well and helps you realize true savings as you pay your balance down.

A little bit of research can save you big bucks over time! Healthy Credit, That Is! When reviewing these cards, we do our best to put ourselves in your shoes. We choose cards based on such things as (lack of) fees, finance charges and ease of use. In other words, if we wouldn’t use these cards ourselves, we wouldn’t recommend them!



NOTE: About 30% of the credit card offers that appear in this article are from credit card companies from which we receive financial compensation (these cards are listed as such on our site). They are noted above with an asterisk. We are proud that the majority of cards that we list (about 70%) are cards that don’t advertise with us―- almost all of our competitors ONLY list cards that advertise with them. The bottom line is that we don’t know of another site that prominently lists as many non-advertiser cards! Please note that Rates are current as of the publishing date of this article and should be verified prior to applying.