Zero Percent Balance Transfer Is a Great Way to Start Your Debt Repayment

When I first started this blog I was really focused on getting rid of debt using my debt snowball.  However, since I paid it all off I realized I haven’t really posted it about it that much, but I was thinking bout what was one of the first steps I took to pay off all my consumer debt?  I transferred all the balances to a zero percent credit card.

Zero Percent Balance Transfer Offers

Below are just two examples of 0% Balance Transfer Offers:

Discover® More® CardBy Discover
Apply Now The Discover® More® Card is ideal if you want to earn cash back on your purchases. Through the rewards program, cardholders earn a 5% Cashback Bonus® in categories like travel, home, gas, restaurants, movies, and more. Plus, you’ll earn up to 1% for general purchases. You can also earn up to a double Cashback Bonus® for redeeming your rebates for gift certificates from participating Discover Card Partners. The card has no annual fee and features an attractive 0% introductory APR on balance transfers for 12 months, and a 0% introductory APR on purchases for 6 months. The interest rate on purchases is reasonable after the introductory rate expires, and common benefits and services are also provided.Apply Now

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About the Author

I am a 30 year old happily married guy, who lives with his wife, dog and amazing son on Long Island. As long as I can remember I have had an interest in economics, taxes, politics and personal finance.

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One Response to Zero Percent Balance Transfer Is a Great Way to Start Your Debt Repayment
  1. Darren
    June 8, 2010 | 11:26 am

    I think those deals (and most nowadays) have a balance transfer fee with them, so that’s something to look out for.

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