Comment on How to Find the Best Balance Transfer Credit Card for You

How to Find the Best Balance Transfer Credit Card for You

The average American household with credit card debt owes just over $16,000. At an average APR of about 16%, this implies that the average household with credit card debt ends up paying more than $2,500 on interest every year, or $213 monthly. Transferring that balance to the right credit card can dramatically cut, or eliminate, that expense.There are two main reasons to consider a balance transfer with your existing credit card debt -- consolidation and saving money.

 

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