YOUR CREDIT CARD OUTLET

Can I just get a second credit card at a low APR to pay off my current credit card debt?

I’m $7,000 in credit card debt with a 19.9% APR. I can hardly afford to pay the minimum, since I’m a full time student and my part time job doesn’t pay well at all. Would it be possible for me to just go to a new bank, get a new credit card with say a 15% APR, and then just use that credit card to pay off the debt I have now. This way I would have a lower interest rate to pay. Could I just take out a low interest loan from another bank and pay off my credit card debt with that?

Get a loan from your bank to pay off the card. I did that to pay off a card I owed $3,500 on. My interest rate on the loan is 12.25% which is better than the 19% I was paying to AMEX. I think my monthly payment on the loan is less than $90 per month, but that’s more than what AMEX was asking from me. I think my monthly payment through them was $50. A new credit card for someone who has already racked up more debt than they can handle is just asking for trouble. I speak from experience…

Ecreditcardworld.info – Get A Low Annual Percentage Rate (APR) Credit Card