Forgotten Your Password?

Need to Register?

Blake Kleckner

Time To Give Yourself Some Extra Credit!

Saturday, March 24, 2018 - Article by: Blake Kleckner - DiVita Home Finance - Message

Typically, credit card interest is 15% to 30%. Outrageous as this is, most Americans are paying it every month.Credit card debt in America is almost $1,000,000,000,000--that's trillion with a T! At a conservative 15% credit card interest rate, that means $150 billion is being wasted on credit card interest annually, which, unfortunately; isn't tax deductible.Periodically, I search the internet for credit cards to help my clients reduce their credit card burden. The only ones I look for are those that have a $0 balance transfer fee (which is normally 3% to 5%), no interest for 12 to 21 months, and no annual fee.By having one of these credit cards, the balances from others can be transferred to it for free, and it can be paid off over time without paying any interest. In essence, it is a no interest loan, which is as good as it gets! These cards are few and far between, however, I recently found 4 that are excellent.American Express, BOA, and Chase are now offering credit cards with no interest for 15 months, a $0 balance transfer fee, and no annual fee. Go to the links below to get the details., WFB is offering a no interest credit card for 12 months, a $0 balance transfer fee, no annual fee, and will pay you $200 if you charge at least $1,000 during the 1st 3 months of usage. Go to the link below for the info. consolidating much of your credit card debt into a no interest credit card, not only will you save the interest you may now be paying, but your required minimum monthly payments may be lower than they currently are, which could result in your FICO scores improving. In addition, by increasing your total credit card limits with a new card, your balances to limit ratio will decrease, which could also improve your FICO scores.If you're tired of paying credit card interest, and who isn't, take advantage of the opportunity to, possibly, eliminate it forever. Once a no interest credit card has run its course and if a balance still remains, you should always be able to find another one to transfer it to!

Related Searches:

Didn't find the answer you wanted? Ask one of your own.

Get an answer
Subscribe to our news feed.