How to pay off debt with a credit card | NerdWallet

Carrying a balance on a high-interest credit card? Consider doing a balance transfer to a new card with a lower rate — possibly even one with 0% for a year or more.

A balance transfer is a simple concept: You apply for a new card with a lower interest rate, then move your balance to it from the old card. In effect, you’re using one card to pay off another, but you’re getting a lower interest rate in the process. It buys you time to help chip away at the debt.

Paying off debt is hard, but can be done. Stick to a plan and remember to always make on-time payments.

To find the best balance transfer and 0% APR credit cards and to see if you qualify, visit:
‍https://nerd.me/balancetransfer

‍This video on balance transfer credit cards will help answer the following:

- What is a balance transfer?
- How do balance transfer credit cards work?
- Important considerations and fees, plus other options for those with lower credit

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