I had a $6,000 bill on one card, paid in full last month, but it was one of those one year 0% interest checks that I had used to pay off a large electrical project.
The rest of my cards have negligible debt. I try to pay off everything every pay day, but I recognize not everyone can do that.
Discover is the best one I’ve ever had. No annual fee, started out with 0% interest for 18 months. I constantly get 0% balance transfer offers for 12 months, sure it costs a 3% one time fee, but it sure saves money on interest. Plus, their customer service and fraud dispute are the best imo.
I assume it’s total outstanding debt divided by credit card holder. Kids, never carry a balance on your CC. Do not accept 20% as a reasonable loan. Spend against your budget, save up for big purchases and pay your CC bill in full!
Per card? Or total across multiple cards?
I had a $6,000 bill on one card, paid in full last month, but it was one of those one year 0% interest checks that I had used to pay off a large electrical project.
The rest of my cards have negligible debt. I try to pay off everything every pay day, but I recognize not everyone can do that.
Do you recommend any particular card for 0%? Looking to do a balance transfer.
Discover is the best one I’ve ever had. No annual fee, started out with 0% interest for 18 months. I constantly get 0% balance transfer offers for 12 months, sure it costs a 3% one time fee, but it sure saves money on interest. Plus, their customer service and fraud dispute are the best imo.
Largely depends on the bank, I have 5 different cards that offer 0% balance transfers from time to time.
3 of them are with US Bank, but that might be because I’ve had accounts with them for 30 years. Another with Chase, another with Barclays.
Nerdwallet keeps track of whats currently available
I assume it’s total outstanding debt divided by credit card holder. Kids, never carry a balance on your CC. Do not accept 20% as a reasonable loan. Spend against your budget, save up for big purchases and pay your CC bill in full!