How To Find The Best Balance Transfer Credit Card For You

newsfeedback@fool.com (Matthew Frankel), The Motley Fool
Thu, 10/12/2017 - 8:07am

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.

Topics: american apr images balance transfer credit card debt average money household save pay cards

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How To Find The Best Balance Transfer Credit Card For You

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