Consolidate your debt with credit cards

Credit cards carry an average interest rate of over 15 percent, with some being as high as 30 percent. If you currently carry multiple credit cards with balances, consolidating that debt over to a new credit card could save you hundreds of dollars each month in interest. That's hundreds of dollars back in your pocket, money you can either spend or put toward paying off your debt faster. To figure out if your a good candidate for credit card consolidation use a debt consolidation calculator.

 

How does it work?

It's easy – simply open a new credit card that offers a 0% APR introductory interest rate. Transfer the balances from your existing cards over to the new card and you'll be avoiding interest payments for up to 18 months, depending on the card.

Not only will a credit card debt consolidation save you money, it will also simplify your bill-paying process each month. Instead of having to pay multiple credit cards, you just pay one.

 

Do I have to pay a balance transfer fee?

Depending on your credit and the credit card company you choose, you may have to pay a balance transfer fee of up to 3 percent of the total balance on the card. If your credit is good, though, you may qualify for a card that has no balance transfer fee, saving you even more money. It pays to have good credit – you can check your score for free at My LendingTree.

Are you ready to get started? Find a 0% APR credit card through LendingTree that will meet your individual needs.

Chase Freedom® 0% intro APR on balance transfers and purchases for 15 months
Citi Simplicity® Card - No Late Fees Ever 0%* Intro APR for 21 months on balance transfers and purchases.
Chase Slate® $0 Introductory balance transfer fee for transfers made during the first 60 days of account opening
Capital One® Quicksilver® Cash Rewards Credit Card 0% intro APR on purchases and balance transfers for 9 months

 

Frequently Asked Questions