Key insights · Number with credit card debt at 4-year high · Many carry debt for more than a year · Inflation, interest rates impacting debt · FAQs
Written by Garrett Yarbrough ; Edited by Courtney Mihocik ; Reviewed by Jason Steele
Learn how a 0 percent APR credit card can help you save money on interest and how to maximize its benefits in this guide.
Key takeaways ; A 0 percent intro annual percentage rate (APR) card can help you consolidate and pay down debt faster – without interest payments – if you’re disciplined in how you use it. ; These cards typically come with a balance transfer fee, and you risk losing the 0 percent intro APR if you’re late with a payment. ; If you can’t pay off what you transfer before the intro period ends, you’ll pay much higher interest on the remaining balance.
Even though most credit card rates are high right now, retail cards boast unusually high rates. They’re easier to qualify for and meant to boost profits.
Table of contents ; Key insights · Americans with debt still maximize rewards · Chasing card rewards by income level · Demographics most likely to maximize rewards · Dos and don’ts of chasing rewards while in debt
2 percent in February 2024. Although the central bank is not quite declaring victory yet, its... rate goes up, variable interest rates soon follow. In fact, interest rates on credit cards ...
State, Average credit card debt ; Alaska, $7,338 ; Connecticut, $6,825 ; New Jersey, $6,879
Don’t let the flurry of credit card choices confuse you. Find the best 0 apr credit cards for your goals with these tips and tricks.
In November 2023, 39 percent of U.S. adults with a balance on their credit cards said they had carried that balance for more than two years, according to Bankrate’s Credit Card Debt...