Every now and then a really great offer comes on the market for consumers looking to finally get rid of their high-interest credit card debt. This is one of those offers folks! Why is it so great?
Well, one of the easiest ways to pay off nagging credit card debt that you just can't make headway on is to transfer the balance to a no interest credit card and devise your own plan to pay it off during the promotional period.
The kicker is that you usually have to pay a 3-5% balance transfer fee to move your debt in the first place.
So, although it's often a wise choice in spite of the balance transfer fee, you have to do the math up front to make sure it makes sense in the long run. Nobody likes fees anyway, especially if the fee is just for the right to move your debt somewhere else. However, if you can find a credit card offer that not only has 0 percent interest but also doesn't charge a balance transfer fee, then you're golden! And that's exactly what Discover is currently doing with the Discover More Card - No Balance Transfer Fee.
Here are the highlights of the offer:
- No Balance Transfer Fees through February 28th, 2011
- 0% interest on balance transfers for 12 months
- No Annual Fee
- 5% Cashback in categories like restaurants, groceries, travel, gas, and home improvement stores
- Up to a 1% unlimited Cashback Bonus in all other spending categories
If you're looking to finally get out of debt in 2011, this credit card is like it's on little debt management plan wrapped up in plastic for free! You'll pay no fees whatsoever to transfer your balance, you'll have 12 months to pay off your debt, and then you'll still be able to enjoy a great cashback credit card with no annual fee.
It really doesn't get any better than this if you're in the market to transfer a balance and know that you can pay it off within the year. Check out our complete review of the Discover More Card today and apply online before the promotion ends February 28th.
