I have a couple of credit cards that total around $5,000 that I have had for several years now. Most people when they get credit card offers in the mail they just tear them up and throw them away. A couple of years ago I started to look at the offers that came in the mail. The more that I received the more interested I was in the deals that were sent to me. So you want to know how I save money on my credit cards?

My main credit card that I have had the longest, which has the largest credit limit, and my lowest rate (which is around 8%). I keep a balance on this card pretty low, and hardly ever use it anymore, and make my payment to continue rebuild my credit from college. Now my other card holds the majority of my credit card debt, but I move this card around every year or so. What do I mean? Well, those offers that I get in the mail all the time always offer me 0% APR on balance transfers for so many months (I usually only mess with the ones that offer 12 months or more). So what I do to save myself money is pay my balance on the card at 0% for how ever long the term is and when it is close to being up I transfer my balance to another card with an offer just as good as the other. Yea, those offer might have high APR’s after my introductory period, but I never use the card anyway (I usually cut them up when I first get them in the mail). Also, if you are having a hard time one month and can not pay your credit card bill, a balance transfer is just like a payment (even though your balance didn’t change) It has been a long time since I have paid interest on a balance transfer, and by doing this I pay off my credit cards faster. 

 

All anyone really wants is no credit card debt, but in today’s society this is hard to come by. With credit card offers I would read everything, because that is how credit card companies get us, we only read what they want us to read. How I manage my credit cards is only how I do it, I’m not suggesting that you try this. If I find a better way of doing so I will do it but until then this is how I get around paying high interest rates on credit cards. 

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