What is a good credit card to get out of debt?
I am looking for a credit card that has a 0% balance transfer APR for 9+ months. Preferably, I need it to have a $0 balance transfer fee. I have okay credit (720-740) and I make about $20,000/year and I need to eliminate $3000 of credit card debt.
Any advice you have would be appreciated. Please do not tell me that I should not live beyond my means. I will report your answer if you do.
The problem is that I have $3000 in credit card debt on a card with 24% interest. I have tried to no avail to get them to lower it. I had my card up to $2000 last year and paid if off with money I got from graduation/birthday/Christmas and called them when it was at $0, told them I wouldn't use it until they lowered my interest rate and they said no. An emergency came and I had to use my credit card so now I don't really have that argument anymore.
- Katherine WLv 71 decade agoFavorite Answer
Bank of America right now has 0% checks for balance transfers. Chase has a deal where you get 0% for a fixed period of time OR you can choose 3.99% until it's entirely paid off. However, you can NOT charge any more once you have that 0%, because the new charges won't be paid off until the 0% is paid first, and those higher-interest charges will keep generating interest.
Also, I negotiated Citi down to 1.99% for six months and 8.99% after that, if that helps.
720 is a great credit score: you should be getting offers in the mail.
Try www.citi.com and www.chase.com and www.bofa.com.
- Anonymous1 decade ago
Discover card has a good credit card that has 0% on balance transfers for 12 monts, check out www.fastcreditcardapprovals.com under 0% on balance transfer cards
- GemLv 71 decade ago
You will be lucky to find such a beast right now. Especially if you have been at your job less than 2 years.
Credit is nearly gone for us little guys. Gone. Gone. Gone.
Anyway, Citibank helped me out last summer, BUT--they have now gotten over $100 billion from the federal government, so they may not be loaning like they were.
Your best bet may be to go to a small, local bank or credit union and see if you can get a personal loan. Better terms, better interest rate and set payment plan.
- Anonymous1 decade ago
Pay off you credit card debt as if it was an installment loan versus revolving line of credit - you will save a ton of money on interest. Keep your balances below 30% of the credit limit to keep your scores high.
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- 1 decade ago
You do not have okay credit,You have good credit! just keeping pay them if you have extra cash pay a Little more,I wish I have your credit score.
You 're doing godd