How to get out of Credit Card debt WITHOUT Paying Interest!

This video is going to help anyone who has high interest credit card debt and wants to learn how you can pay it all off interest free, yes you heard me, pay of credit card debt WITHOUT paying interest!

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[ShaferScott]

I’m amazed people still watch this video in 2023, hope it helps you viewer!

[VALLYKINGS]

My Question is how do you qualify for new cards when you have maxed out your current credit cards

[yvang]

keep in mind, there's usually a 3-5% balance transfer fee with every transfer. you'll still come out way ahead though even with the transfer fee.

[kevinp]

Q: How do credit card companies make money off you if you always pay your credit card bills in full every month? A: The credit card companies charge a processing fee on the merchants who have accepted your credit card purchase. This is the reason why credit cards offer an incentive for using their cards as often as possible; incentives such as Cash Back or Flight Mileage. Basically, the credit card company share the revenue they receive from charging the merchants to process your purchases. I know this because I've worked in the banking industry for nearly 20 years.

[Beyondrandom]

One extremely important thing for people to keep in mind is the DEFERRED INTEREST. If you sign up for a promo of say 0% for 12 months but fail to pay off all of the transfered balance, you will be charged the current interest rate on the ORIGINAL balance defeating the whole purpose. So either make sure you can meet the payoff deadline or be sure to transfer a couple months before your last statement to avoid be charged interest. Great content and people need this so please, keep it coming!

[emmalarson]

I have two balance transfers right now & they absolutely are saving my life! The number is dropping so much it’s crazy. I’ll have them paid off before the promo APR is over & it’s going to be such a breath of fresh air.

[jalinherring]

there are some key things that you are not including here and can be somewhat misleading.

1. when doing balance transfers, you are applying for new credit cards and doing hard inquiries on your credit.

2. applying for multiple cards within 6 months of eachother reflects negatively on your credit score and lenders tend to not approve you for that reason.

3. some credit cards have balance transfer fees. where you would have to pay money to get the funds transferred to the new cards.

[SaHawK_]

More than 234 people need to see this! Great info. I’ve gotten myself out of $15, 000 cc debt. Just with this move. Thank you

[victoriaogunmowo]

This is great easy to understand and well articulated thank you so much looking forward to more videos 😊😊👌👌

[lakersiac]

U just saved me life! Thank u ….u will stay blessed so shall it be

[RickRijuanaPro]

I just made the decision that I’m stepping up my efforts & every dollar in is going straight to my cards.
I can’t do this interest thing. Its crazy.

[ramizquliyev]

WoW, This video is exteremly helpful. Thank You so much

[mikevarela]

Great video! Something that wasnt spoken about was that if you have a significant amount of cc debt such as you had but what if you dont have the credit worthiness to be able to get approved for a BT cc? Any other recommendations?

[jlovejjh]

Excellent video excellent Teaching word of wisdom

[mooveGio]

Don’t forget you have to pay a fee for the transfers. Obviously it’s not as much as you would pay in interest but it’s good to mention

[gurpreetdhillon]

Thank you so much bro .. I paid 5000 dollars interest from last year on my credit cards .. when I watched your video this help me lot and took me out of depression .. I’m glad .. thanks 😊

[obadboystanley]

I started using my cc for the points. At the end of the day I pay it in full and stack on the points. Im not in debt but i enjoy watching these videos.

[Zachspop]

Thank you, this couldn’t have come at a better time

[LifeinGlow]

Yes it helped me when one of my banks offered a 0% credit transfer with a 3% upfront charge though for 10 months. However with 20K+ debt it can be hard to tame credit without a significant growth of income, even when minumizing expenses. There are so many underwater stones in using a credit card.

[hollyb]

I paid off a mortgage with a 0% credit card 10 years ago. I saved a bunch of interest.