Many Americans carry a balance on their credit cards. In the first quarter of 2025, U.S. consumers’ credit card balances totaled $1.18 trillion, according to the Federal Reserve Bank of New York.

Clint Proctor is a lead editor with the credit cards and travel rewards team at Forbes Advisor. He has five years of experience in personal finance journalism and has contributed to a variety of ...

Paul Soucy has led the Credit Cards content team at NerdWallet since 2015 and the Travel Rewards team since 2023; he is also director of content for Consumer Credit verticals. He was an editor with ...

It's tempting to just go for the option with the longest intro APR period. But you might be better served with a card that has a shorter 0% term but a lower transfer fee or more long-term value. Many ...

Balance transfer credit cards can help save on interest if you pay off all or most of your balance before the introductory period ends. Some people run into trouble by missing payments, making only ...

While carrying a balance on your credit card should never be your first choice, it's growing increasingly unavoidable for many Americans. The most recent New York Fed report on household debt and ...

Robin has worked as a credit cards, editor and spokesperson for over a decade. Prior to Forbes Advisor, she also covered credit cards and related content for other national web publications including ...

Let's say you transfer a $6,000 balance to a credit card offering 0% intro APR for 21 months, and commit to paying $300 per month. You'll wipe out the debt before the intro APR ends and save roughly ...

Two of the most common ways to consolidate debts are balance transfer credit cards and personal loans. Both can help you save money and simplify payments, but which one works best will depend on ...

If you're transferring a $10,000 credit card balance to a 0% intro APR card, you're likely looking at a $300 to $500 balance transfer fee. That's based on the typical 3% to 5% fee most cards charge ...