Consolidating credit card debt

Is consolidating credit card debt a good choice?

Yes, consolidating credit card debt is often a smart move. It’s an initial step toward reducing credit card debts. However, it’s crucial to understand that consolidating credit card debt (or balance transfer) actively tackles debt, not defers it.

Consolidating credit card debt offers several perks. Many deals feature a low introductory Annual Percentage Rate (APR), often starting at 0%. Some even waive interest on new purchases for a limited time post-transfer, slowing down debt accumulation. These incentives aim to attract people to consolidate their credit card debts.

Furthermore, consolidating credit card debt may come with extra rewards points and align better with your spending habits, offering tailored benefits.