What Are the Top Balance Transfer Credit Cards of 2015?

Top Balance Transfer Credit Cards of 2015: Expert Guide

Are you feeling overwhelmed by high-interestcredit card debt? If so, a balance transfer credit card may be just what you need to help you save money and pay down your debt faster. In this guide, we'll take a closer look at the top balance transfer credit cards of 2015, and provide you with some helpful tips for managing your credit card debt.

What is a Balance Transfer Credit Card?

A balance transfer credit card is a type of credit card that allows you to transfer your existing high-interest credit card debt to a new credit card with a lower interest rate. By doing so, you can save money on interest charges and pay down your debt faster.

Top Balance Transfer Credit Cards of 2015

1. Chase Slate

The Chase Slate card is one of the best balance transfer credit cards on the market. It offers a 0% introductory APR for the first 15 months on both balance transfers and purchases. Additionally, there is no balance transfer fee if you transfer your balance within the first 60 days of opening your account.

2. Citi Simplicity

The Citi Simplicity card is another great option for balance transfers. It offers a 0% introductory APR for the first 18 months on balance transfers and 12 months on purchases. There are no late fees or penalty APRs, making it a great option for those who are looking for a simple and straightforward credit card.

3. Discover it

The Discover it card is a great option for those who are looking for a balance transfer credit card with rewards. It offers a 0% introductory APR for the first 18 months on balance transfers and 6 months on purchases. Additionally, it offers 5% cash back on rotating categories and 1% cash back on all other purchases.

Tips for Managing Your Credit Card Debt

1. Create a Budget

Creating a budget is the first step in managing your credit card debt. Determine how much money you have coming in each month and how much you are spending on necessary expenses like rent, groceries, and utilities. Once you have a clear picture of your finances, you can create a plan to pay down your debt.

2. Pay More Than the Minimum Payment

Paying more than the minimum payment on your credit card each month can help you pay down your debt faster. By paying more than the minimum, you will reduce the amount of interest you are charged and pay off your balance more quickly.

3. Avoid Using Your Credit Card

If you are trying to pay down your credit card debt, it is important to avoid using your credit card as much as possible. Instead, focus on paying down your existing debt and using cash or a debit card for your purchases.

Conclusion

Managing credit card debt can be overwhelming, but with the right tools and strategies, it is possible to pay down your debt and achieve financial freedom. By choosing the right balance transfer credit card, creating a budget, paying more than the minimum payment, and avoiding using your credit card, you can take control of your finances and achieve your financial goals.