Get on top of your credit card debt

RateCity Staff

By RateCity Staff

1 min read

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.


Contact a Broker

Get expert advice about this loan now!

We can negotiate discounts and lower rates for you

    By submitting this form, I accept RateCity's terms and conditions, privacy policy and Collection Statement for this service.

    Yes, I'd like to get email updates from RateCity

    Submit your details now and a local expert will be in touch within a few business hours. They'll compare hundreds of home loans from up to 20 lenders including the big banks to find the loan that's right for you.

    Loan Market Pty LTD | Australian Credit License 390222 ABN 89 105 230 019

    Compare your product with the big 4 banks, or add more products to compare