You're probably wondering how hard you'll have to work out over the next few weeks to make up for the extra treats you enjoyed during the holidays. And if you're feeling tight at the waist, chances are you're feeling a pinch in the wallet, too.
Surveys from the American Research Group and the American Retail Federation estimated that on average you likely spent between $650 and $750 on gifts and holiday entertainment this year. If you put it all on a credit card with an interest rate of 19.9 percent, you could end up spending as much as $150 on finance charges trying to clear a bill that size. Fortunately, these balance transfer credit cards with good credit management from you may help you knock down that balance at no interest over the next year:
Discover it® - Cashback Match™
Chase offers strong online tools to help manage accounts, but Discover it® - Cashback Match™promotes an all-American customer service team. If you are looking for assistance eliminating your holiday debt, consider the Discover it® - Cashback Match™ card. Not only will you be able to take advantage of their customer service to assist you in creating a debt-elimination plan, but right now, Discover's offering two competitive zero-percent APR deals. First, Discover it® - Cashback Match™has a 14-month zero-percent introductory APR offer on purchases, which means your holiday purchases can be paid off over time interest-free. And, in case you've already racked up a bit of early-shopping debt, you'll be glad to know that Discover it® - Cashback Match™ is also offering 14 months of 0 percent APR on balance transfers and a balance transfer fee of just 3 percent for each balance transferred.
If you've never tried a Discover card before, this could be a great opportunity to diversify your credit profile while treating yourself to some of this upstart lender's perks and privileges. Additionally, with your new Discover it® you can also earn Discover’s Cashback Bonus rewards of up to 5 percent on qualifying transactions in specific categories, up to the quarterly maximum each time you activate.
Balance transfer credit cards
Remember that balance transfer credit cards, like all lines of credit, can influence your credit report and impact how much you'll pay for insurance policies, mortgages, and auto loans. However, if you're not planning any big purchases over the next year, you may want to compare credit cards that can help you erase your holiday bills in time for next year's shopping spree.
Other top cards to help you get on top of your holiday debt: M&T Visa Signature, KeyBank LatitudeSM MasterCard®, and the Alliant Credit Union Visa Platinum Rewards.