5 Best Credit Cards to Get Out of Debt
Debt Help Getting Rid of Debt

6 Best Credit Cards to Get Out of Debt

Elizabeth Aldrich

Struggling under a mountain of debt is hard enough, but when the credit card companies add in high interest rates, it can feel like you’re sliding down the mountain, not climbing up it.

Chipping away at debt can take years. The best way to throw out the ice pick and take a bulldozer to Debt Mountain is to find a way to lower your interest payments so you can focus on paying off the actual debt.

But what if you could lower your interest payments all the way to zero?

Using a credit card to pay off credit card debt may sound ironic, but with great balance transfer offers at nearly every bank, transferring your debt over to one of these cards with a lower (or 0%) APR is the best way to tackle it. Here are the top five credit cards for getting out of debt.

6. Chase Slate: Best for No Balance Transfer Fees
The Chase Slate is consistently at the top of balance transfer card offers and has been for a couple years. This is largely because they’re one of few cards to allow balance transfers with a 0% balance transfer fee (if you complete the transfer within the first 60 days).

On top of that, they offer the longest introductory period for cards with a 0% balance transfer fee at 15 months. The Chase Slate is also one of the easier cards to get, and all Chase cards also offer free debt management through their Blueprint program.

Balance Transfer Fee: 0%
Promotional APR: 0% on balance transfers
Introductory Period: 15 months
Credit Required: Average
Other Perks: Access to debt management program Blueprint, free FICO score

5. Citi Simplicity: Best for Longest Introductory Period
If you know you’re going to need more than 15 months to pay off your debt, you’ll want to go with a card that has a very long introductory period, although it means you’ll have to pay a balance transfer fee.

About the author

Elizabeth Aldrich

Elizabeth Aldrich

Elizabeth is a freelance writer and “digital nomad” specializing in small business, entrepreneurship, career advice, real estate, travel, arts, and culture. She’s written for outlets as varied as Rawckus Music and Arts Magazine, Itcher Entertainment, Sweden Tips, Houzz, Hometalk, JobHero, Tico Times, and Eugene Weekly. Thanks to a three-year stint in a travel job, a knack for mining great deals, and credit card churning, she has not paid for a single flight since 2012, despite her constant travels. You can find her on Twitter @LizzieAldrich or her website, www.elizabethaldrich.com.

5 Comments

  • I have applied for many credit cards for people with bad credit,almost 95% approval rate,got denied all the time for these supposedly credit cards to help re-build your credit score.I have been reading the emails from the ” credit solution program”,and getting some good common sense information,learned a lot about credit scores,I never knew there were 3 credit bureaus, I do now.Going back to the getting a credit card and being denied repeatedly,am skeptic to do it anymore.I had a poor credit score at 577,not good,but by applying for these credit cards lowered my credit score to a little over 400,that’s really bad,this happened by applying for these credit cards,any inquiry goes against your credit score.It currently is going back up,I found 1 credit card place that does help you build your credit score,that is “finger hut”,through Web bank,they specifically give people a chance to show there credit worthiness,thanks to them that is probably the reason my credit score is raising,I made my first ( on time payment),may 1st when it was actually due on the 3rd of this month paying them earlier plus $5 more then the required payment,I got a $300 credit limit, bought a needed vacuum cleaner on sale for $168 and will purchase nothing else till its paid for.After 6 months of on time payments they raise your credit limit.More people should be made aware of “finger hut”that works with people to re-build there credit scores

  • I should have excellent credit as I owe nothing and don’t have any debt except a tax lean of less than 10,000.00 and it kills me that because I have no interest debt or debt I can’t pay back, nobody will give me a credit card with a low rate. Before the Banks tried to shut down and keep everyone’s money, I had a bankruptcy on my record and a foreclosure because of the lack of work nationwide. That was the first year “W” started to ruin the economy by sending jobs over seas. So many companies moved offshore to get tax breaks for each employee they sent across the Pacific or Atlantic, that we had 100’s of thousands of tech employees unemployed and very few jobs for them to obtain. That put a lot of people in debt they couldn’t pay and started a landslide of bankruptcies. I had great credit after my bankruptcy and many companies were sending me low interest card applications which I did not take. After the 2008 thing, my high credit score changed to a low score and most of my history is gone. That is the reason I don’t have and can’t seem to get any credit cards. Is the money of the future going to be in plastic anyway?

  • How about best credit cards that will help the low score person under 600 to raise their credit score ?!? After all, people with good to great credit don’t read your blogs.

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