0 APR Credit Card
Consolidating your high interest credit cards balances onto one credit
card can help to reduce your debt quicker. By choosing a credit card
that offers a 0 introductory APR promotion on balance transfers for
6 months, 9 months, 12 months, or sometimes longer, you can transfer
the balance of multiple credit cards and save the interest you would
be paying, alowing you to pay down the card much faster. If you stop
using the credit card(s) and pay double or more of your minimum payments
you can greatly reduce the time it takes to pay them off.
It is important to pay close attention to when the promotion will end
and the finance charges will start. When you are within two months of
the end of the term and you still have a balance on your card, you will
need to apply for another credit card running the promotion. If you
have been paying your payments on time and your credit is good, you
should have no problem finding another credit card company offering
free balnce tranfers and 0 APR promotions. You will receive them on
a weekly basis in the mail.
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