Money Talks News has partnered with CardRatings for our coverage of credit card products. Money Talks News and CardRatings may receive a commission from card issuers.
If you’re carrying a balance on your credit cards, you’re probably paying some hefty interest every month too. That cost, in addition to what you racked up on purchases, can make credit debt seem insurmountable. At Money Talks News, we have loads of tried-and-true tips to help you get out of credit card debt — and ideas for handling your finances so you never end up there again.
But first, you can take this step to make your debt less expensive: Transfer your balances from those high-interest cards to one that will give you a break. Here is one of the best options out there — offering you 0% interest rates on your balance transfers well into 2020.
Why we like it: This is a great all-around credit card with 1.5% cash back on every purchase. It also offers a $150 cash bonus after you spend just $500 within the first three months of opening the account.
What to know:
- Get 1.5% cash back on every purchase — no limits, and no expiration on cash-back rewards for the life of the account.
- Get a $150 statement credit after spending $500 on the card within the first three months.
- Pay 0% APR on purchases within the introductory 15-month period.
- Pay 0% APR on balance transfers for 15 months.
- No annual fee
- No foreign transaction fees
Note: Balance transfers made within the first 15 months are subject to an initial 3% fee.
Whatever you need in a credit card — whether it’s reward points, cash back or a low interest rate — you can find it with our credit card search tool. Click here to search for the plastic that best fits your needs.
Don’t forget: Kill off the debt and avoid interest
The key to using balance transfers is to be very sure to make your monthly minimum payment on time, every month. In addition, you need a plan to pay off those balances before the initial 0% grace period is up. For that, you may need to get a plan in place before signing up for the new card.
Here are some posts that can help:
- “Here Is the Best Way to Tackle Your Credit Card Debt“
- “I’m Drowning in Debt. What Can I Do?“
- “Should I Use a Credit Counselor for Debt Help?“
Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.