Give Now

Savings Day – Balance Transfer Card

Are you carrying balances on your credit cards?

If you’re carrying balances on high-interest cards, a balance transfer credit card could solve some problems. This is a type of debt consolidation that allows you to move unpaid balances from one card to another. The average balance transfer credit card has a 0% APR for 12 months or more, with a 3% balance transfer fee and no annual fee. Now the purpose of obtaining one is to save money and time by reducing the overall cost of your debt so you can pay it off faster. During your new card’s initial low- or zero-rate period, the transferred balances accrue for little or no interest – and that allows you to focus on paying off the debt.

Suppose you move $10,000 to a balance transfer card. A 3% fee would cost you $300. Now if you have12 months to pay off your new total of $10,300 then you will pay $860 a month. It’s crucial that you don’t add to your credit card debt during this time. Pay with cash whenever possible. Exercise strict self-discipline and ask some friends to hold you accountable. Your entire financial future can be radically improved over the next twelve months by simply curbing your spending and faithfully paying off your bills. Now within a few months, you should be encouraged by the difference your payments make. The Apostle Paul told the Philippians: “I can do all things through Him who strengthens me.” (Philippians 4:13) So lean on the Lord as you work to pay off your debt.

And if you’re struggling to make payments on your credit cards, I recommend Christian Credit Counselors. They’ll create a debt management plan just for you. For more information call the Crown Helpline: 800-722-1976 or visit online at