What is the best credit card available?
Credit Card
109stitches asked:
Just trying to eliminate some other credit card debt by transferring a balance. Any other ideas as to how to eliminate $13,000 on a card with variable rate currently at 7.99%?
Christopher
Just trying to eliminate some other credit card debt by transferring a balance. Any other ideas as to how to eliminate $13,000 on a card with variable rate currently at 7.99%?
Christopher
July 23rd, 2009 at 3:47 pm
Jimmy
shop online and you can see that some credit cards offer as low as 1.5 for any balance transfers…
i think maybe a wells fargo credit card or a capital one..
hope that helps.
July 24th, 2009 at 11:35 pm
Lauren
anything visa.
July 25th, 2009 at 10:44 am
Wanda
Advanta has a 7.99% 0 balance transfers for 12 months, check out these sites and go under 0% balance credit card sections to find the best one.
July 28th, 2009 at 3:28 pm
Emily
Instead of transferring the balance to another credit card, you can consolidate the credit card debts.
Consolidation is the best solution available to the credit cardholders to improve their future credit. People go for debt consolidation for many reasons: prolonging the loan period from 5 - 15 years and reducing the interest rate. Consolidation allows you to go for a loan with lower interest rate than the one you are currently paying. Besides it simplifies the loan repayment as you are paying only one lender in place of various payments to different lenders.
July 28th, 2009 at 4:13 pm
Bryan
Consolidation is a great way to make it easier for you to maintain debt. You can consolidate with a consolidation company or by yourself with different and new credit cards. The consolidation companies are usually expensive and have really ugly rates, but make the minimum payments low, so that you feel like you’re prudent. I recommend a technique in the book here called credit arbitrage (technique #10) as a way to consolidate and really save money. It’ll take a little more initiative on your part, but you’ll save a lot of money!
Good luck!