Credit Card Consolidation: Tips For Consolidating Credit Card Debt

Featured Balance Transfer Card

The Citibank Clear Platinum is a fantastic card to do a balance transfer on as you can take advantage of an interest free balance transfer offer for the first 6 months and a low annual fee. It also comes with a range of complimentary insurance cover

• $99 annual fee
• 11.99% p.a. on purchases
• 2.9% p.a. for 12 months on balance transfers
• Cash Advance Rate of 21.74% p.a.
• 55 days interest free
• Minimum Income Requirement of $35,000 p.a.
• Minimum income of $50,000 required

Read the Citibank Clear Platinum Card terms and conditions.

Credit card consolidation is a way to reduce the amount of interest you pay as you get out of credit card debt. There are a few ways to go handle your consolidation, each dependent on your personal situation. Choose the way that best suits your financial means.

Dealing with debt through credit card consolidation is a growing trend. Australians seem to be working harder then ever before to wean themselves out of debt and into a much better financial situation. If you are one of the many people who wants to say goodbye to credit card debt forever here are a few simple ways to free yourself financially.

Credit card consolidation and debt relief tips

• Get rid of your credit cards. Many people find that they can not resist the temptation to spend when they have credit cards in their wallets. Or they have become so used to living on the added budget that credit cards provide that they can not live without them. The best way to conquer this is to get rid of them forever. Get out your scissors and cut them into pieces, you will be surprised at how freeing it is.
• Use a balance transfer. If you can get a new credit card that offers a zero or low interest rate on balance transfers you can use it to pay off credit card debt. These cards allow you to move balances from other, higher interest credit cards to the new card and save a load of cash on interest. The only thing here is you must be very careful to heed all of the rules and regulations of your new card. Also, be sure to get an offer that lasts long enough for you to pay your old debt off, otherwise you will be back to square one when the reduced rate expires.
• Pay your highest interest rate credit debts first. By paying off high interest rate cards first you can cut down on the total amount of your bill. The way to do this is to pay the most you can afford to the highest interest credit card first, then the second, until you are at the lowest rate card. Remember that this credit card consolidation strategy still requires you to pay at least the minimum payment on each card each month.
• Get a debt consolidation loan. A credit card debt consolidation loan gives you the amount of money you need to pay off credit cards, store cards, and personal loans at a lower interest rate then you are paying for each individually. You will have to commit to paying a set amount each month, but it will allow you to pay off your debt faster and cheaper.
• Get a home equity loan. If you are able to, a home equity loan is one of the most cost effective ways to pay off credit card debt. It allows you to pay it off cheaper and faster without impacting your monthly budget too much.

There is no one way to handle credit card consolidation. What works for your personal situation is the best choice. All you have to do is be completely committed to getting out of debt.

Check out today's featured offers:

Westpac Low Rate	Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum
0% p.a. for 6 months on purchases & balance transfers	2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers

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Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Westpac Low Rate Card - 0% Offer	A credit card with a low rate offer on both balance transfers and purchases, plus a low annual fee.	0% for 6 months (reverts to 13.49% )	0% for 6 months	$45	21.49%
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%