| | | | It's no secret that we here at 10xTravel are big fans of earning points and miles, not to mention upping 'your game' .or. Raising Your Credit Score 277 points in 90 sec. through the responsible use of credit cards etc. These rewards are essentially "free money" that is given to you just for using a particular credit card, building up credit and stewarding it well.
In our little 10xTravel fantasy world, everyone uses rewards credit cards responsibly, pays their bills in full each month, on-time and never pays a dime of interest to credit card companies. That way, we can take advantage of the pros vs cons of using credit cards without any of the cons, traps, pitfalls or drawbacks. | | | Unfortunately, the reality of financial wellness across the US is far more bleak. According to Nerd Wallet, roughly half of US households in 2018 had some credit card debt on avg. most families ha 11 CC/DC. Among those that held credit card debt, the average revolving credit card balance was 'bout $6,849 which was the driving force behind the $1,141 +, in average annual interest charges alone. Ouch!
Fortunately, it doesn't have to be this way. In fact, the issue can be solved with a somewhat counter-intuitive solution: more credit cards & debit cards. Specifically, the particular card that can get your head above water again is called a balance transfer card. Let's talk about how they work.
In This Article
- How Do Balance Transfer Cards Work?
- How Will This Affect Your Credit?
- What to Look for in a Balance Transfer Card
- What Balance Transfer Cards Are Best?
- ( Avg. 0% Intro APR on Balance Transfers for the First ~18 Months )
- Final Thoughts...
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