With U.S. consumer credit card debt at roughly $1.23 trillion in the third quarter of 2025, according to a report by the Federal Reserve Bank of New York, and many people without adequate savings, ...

Another reason balance transfer cards can be an excellent debt solution is that they can reduce your monthly payments. With the 0% APR, your minimum payments will be lower than when interest is ...

A balance transfer credit card allows you to transfer the debt balance from other credit cards onto a single card.

Key Takeaways The average credit card balance per consumer in the U.S. was $6,523 in the third quarter of 2025.Total U.S. credit card debt hit a record $1.23 trillion in the third quarter of ...