How to get out of credit card debt: Debt consolidation & reduction

Are the balances on your credit cards getting higher each month? It’s time to take action. Learn about debt consolidation, low interest loans and how to get out of credit card debt with a balance transfer credit card. Oprah offers a debt guide for reducing credit card payments and going as she referes to it a "debt diet".

Other useful online articles and debt reduction tools available:

Debt Calculator from CNN Money or Debt-Zapper Calculator from Credit Card Nation
Suze Orman: Managing Debt
Dave Ramsey: Truth About Debt Management
AARP: Do you have too much debt?
Escaping Credit Card Debt

Get a Visa® that will allow you to transfer high interest balances.

The first thing you must do is get a copy of your recent credit score. If your credit rating is still good, you’ll find immediate relief with a Visa® or MasterCard® that offers 0% interest on balance transfers. Cards you might want to consider include the Citi Platinum Select Mastercard of the Discover More credit card.

Getting a loan with bad credit is still an option.

There are many articles and resources that can help you learn how to get out of credit card debt. And, there are several opportunities for getting a loan with bad credit. It’s important that you take action now rather than later. And, particularly in a situation of mounting credit card debt, there’s no time like the present to make your move.

The following credit cards may be able to help build, rebuild, or re-establish your credit if you make on time payments with all of your creditors and maintain your account balances below the credit limits.

Citi® Platinum Select® MasterCard®

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Editor's Rating: 9.5
Consumer Rating: (19 ratings) 9.1

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Intro APR:	0%
Regular APR:	As Low As 11.99% Variable
Annual Fee:	None

Intro Period:	Up to 15 Months
Balance Transfer:	Yes*
Credit Needed:	Good

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0% APR* on balance transfers and purchases for up to 15 months
No annual fee
Citi® Identity Theft Solutions
$0 Liability on unauthorized purchases
Secure, free online account management
Extra Cash from Citi: enjoy significant discounts on gift cards, travel, merchandise and more.

Discover® More® Card

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Editor's Rating: 9.0
Consumer Rating: (20 ratings) 8.9

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Intro APR:	0%*
Regular APR:	as low as 11.99% Variable*
Annual Fee:	None

Intro Period:	12 Months*
Balance Transfer:	Yes*
Credit Needed:	Excellent

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0% APR on Balance Transfers for a FULL 12 months
0% APR on Purchases for a FULL 6 months
5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants and more
Up to 1% unlimited Cashback Bonus on all other purchases automatically
Turn your Cashback Bonus into bigger rewards by redeeming for gift cards from over 100 brand-name Partners
Instant Response within 60 seconds

Blue from American Express(R)

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Editor's Rating: 9.5
Consumer Rating: (7 ratings) 9.6

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Intro APR:	See Terms*
Regular APR:	As Low As 15.24%
Annual Fee:	No Annual Fee

Intro Period:	See Terms*
Balance Transfer:	Yes*
Credit Needed:	Excellent

Don't know your Credit Score? Click here

0% Intro APR for 6 months on purchases
No Annual Fee
Earn Membership Rewards(R) points for your everyday purchases, and enjoy fast and easy ways to earn and redeem so you can get the rewards you want now
Express Approval. Get a decision in less than 60 seconds.