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Get on top of your credit card debt

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RateCity
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Get on top of your credit card debt

Credit card debt is the term used to describe the total outstanding balance individuals have on their credit cards. When a person purchases goods and services on their credit card, it automatically is added to their credit card debt. This debt is then owed to the financial institution that provided the credit card.

Most credit card debt incurs interest on the balance owing, so to save in interest you should pay off the total balance each month or pay more than the minimum repayment due as stated on your statement. Another way to pay your credit card debt off sooner is by transferring your current debt to a balance transfer credit card with a low or zero interest rate for a specified time.

The table below lists some of the top balance transfer credit cards available.

Disclaimer

This article is over two years old, last updated on July 7, 2010. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent credit cards articles.

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Product database updated 29 Mar, 2024