"Got credit card debt? The best tool for paying it off might surprise you."
Got credit card debt? Want to pay it off? Oddly enough, another credit card might just be your best bet. 

It’s one of the stranger ironies in personal finance: Credit cards carry some of the highest interest rates in the lending industry. They also offer some of the lowest rates in the business – as in, no interest at all. 

The 0% APR credit card can be a powerful tool for paying down debt. It allows a consumer to make purchases, balance transfers, or both, and pay no interest for a promotional period of 12, 18 or even 24 months. 

Let’s say you have a credit card with a $5,000 balance and a 20% interest rate. Even with payments of $300 a month, you’ll spend 20 months paying off the balance, along with $906 in interest. And that scenario assumes you never use the card again.

...Let’s say you transfer the $5,000 balance to a zero-interest card with an 18-month promotional period, paying a onetime fee of $150. Now, with the same $300 payments, you can retire the debt in 17 months, paying no interest. 

“It’s really hard to beat 0% interest, if you’re able to do it,” said Sara Rathner, credit cards expert at NerdWallet. 

READ more Info at:
https://www.usatoday.com/story/money/2025/06/26/best-tool-pay-off-credit-card-debt/84331802007/

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