Consolidating Your Debt Peekskill NY

By Lucy Lazarony • Bankrate.com

Everyone wants to lower monthly expenses and free up more cash. Transferring a credit card balance to a card with a lower interest rate can help.

There are plenty of credit card deals to choose from. But finding a good one takes some work and quite a bit of close reading. Let's sift through some of the latest offers.

Call it the big tease. Several major credit card issuers are offering rock bottom, introductory rates on balance transfers. These teaser rates tend to last five to nine months.

The Chase Platinum MasterCard comes with zero-percent introductory rates on balance transfers for six months, while the AT&T Universal Card boasts zero-percent introductory rates on transferred balances for nine months. Discover's Platinum Card offers the same deal for a year.

You'll need to be an ideal card customer to enjoy these kinds of low promotional rates. One slip-up is all it takes for an issuer to jack up interest rates. For example, pay late once on AT&T Universal Card and the zero interest rate gets replaced with a 28.49 percent rate.

New-purchase promos
Other card deals reward you for transferring balances with super-low introductory rates on any new purchases you make with the card.

With the American Express Blue Card you pay no interest on new purchases for 15 months.

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