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Credit Cards

3 Best Credit Cards for Paying Off Debt

3 Best Credit Cards for Paying Off Debt

Clearing credit card debt can be very annoying, especially when you have to pay hefty interests. It is, however, easy to get rid of this debt without having to cover the unpleasant cumulative interests. You will need to open a long 0% intro APR on balance transfers. It is also important that you transfer your balance to the new card. Use your new card to pay off the balance before the 0% intro APR has expired.

Choosing the best credit card for paying off your debts among the available cards can be challenging. Below is a compilation of the 3 best credit cards for paying off debt.

1) Citi Double Cash Card

Citi Double Cash Card

The Citi Double Cash Card also features among the 3 best credit cards for paying off debt. The Citi credit double cash card offers an 18-month 0% intro APR on all balance transfers. You can transfer up to a minimum of $5, but you are only charged 3% on all transfers you make. The Citi Double Cash Card is ideal for transferring large and small amounts.

The card does not include a 0% intro APR on purchases. Alternatively, the card earns 2% cashback on all purchases. The card uniquely earns back 1% when you make a purchase. An additional 1% is earned back when you make payment using the card. The card is ideal for shopping even way long after you have exhausted the 18 months of 0% intro APR.

Cardholders are not charged annual fees on their cards as most credit card providers do. Additional perks that customers enjoy include travel insurance, purchase protection, and convenience in your daily transactions. Lost cards are replaced within 24 hours of the report.

The card provider excels in the protection of the client’s account details and information. You get regular updates on the progress of your account. You are updated on the transactions that you make in addition to the updates on any suspicious activity on your account.

2) Wells Fargo Platinum Visa Card

Wells Fargo Platinum Visa Card

The Wells Fargo Platinum Visa Card is one of the best available credit cards for paying off debts. Most people prefer using the Wells Fargo platinum visa card to enjoy the long 0% intro APR of 18 months. The 0% intro APR also applies on all purchases made using the credit card. The users also enjoy no annual fee charges and a unique added perk.

The intro balance transfer fee for the first 120 days is 3% after for up to a minimum of $5. Wells Fargo Platinum Visa card is available to cardholders with good to excellent credit history- this includes students and other new cardholders. All cardholders enjoy free FICO scores which are sent to their emails monthly.

Subscribers that use the Wells Fargo Platinum Visa Card to clear their phone bills receive up to $600 in mobile protection against damage and theft. The mobile protection is cementing its position among the 3 best credit cards for paying off debt since everybody is investing smartphones.

When using the Wells Fargo platinum visa card, you can easily monitor your transaction history and any other suspicious activity on your account. You will constantly receive text and mail notifications and updates regarding your credit card account. Holders of the card are using it to create a budget and a spending map to manage all spending.

3) Chase Freedom Unlimited

Chase Freedom Unlimited

The Chase Freedom Unlimited is well known as one of the most straightforward cashback credit cards. The cardholders enjoy 15 months of 0% intro APR on all balance transfers and purchases made using the card.

All cardholders enjoy a one-time fee of 3% balance transfer fee for up to a minimum of $5 during the 15-month window period. For the first year, the users get 3% cashback for expenses of up to $20,000. After the 12 months, you start earning unlimited 1.5% cashback on all purchases made using the Chase Freedom Unlimited Card.

The card is available to clients with credit histories ranging from good to excellent. The clients enjoy 0%annual fees and free access to the FICO score. The FICO score of each cardholder is updated monthly and sent via mail.

Cardholders of the Chase Freedom Unlimited Card enjoy additional security of the account. Regular updates on the activity of the account are made available to the client via mail or text messages. Any suspicious activity is blocked and immediately reported to the cardholder for further clarification

Paying off debt can seem an uphill task, especially when high-interest rates are involved. Several credit cards are available in the market for paying off debts. With the above-listed options, you can choose which suits you best when it comes to paying off debts.

About the author

Willie DeJarnette

Just wanted to provide some basic knowledge of credit cards, credit score, and other credit types financial resources. Always trying to provide an understanding how to use credit cards and basically staying away from financial ruins.

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