Unwrapping Simple, Easy Value After The Holidays

Dec 6, 2018 4:30:00 PM

The winter holidays are one of the most magical times of the year, but holiday shopping can take a serious toll on gift-givers’ financial health.

A report by the Federal Reserve found total credit card debt in the United States has reached its highest point ever, surpassing $1 trillion in 2017─with a large portion of that accumulated in the last three months of the year, primarily due to holiday shopping.

While there is nothing wrong with using your plastic to add a little more sparkle to the holidays, it’s important to avoid building up a balance you can’t easily pay off.

Remember, a high interest rate can add up quickly and cause your holiday debt to stick around all year long. If you’re looking to get on top of credit card payments as soon as the festive season is finished, one good option is to transfer your balance to a new credit card.

The HUECU Platinum Rewards card now offers 0.00% intro APR on balance transfers for the first 121 months, and a low variable rate after that.

A post-holiday balance transfer to the HUECU Platinum Rewards card might be just the thing to ring in the New Year.

Visit huecu.org/new-card for more information.

1. Annual Percentage Rate (APR). After the introductory period APR is calculated by adding some margin (dependent on credit worthiness) to the prime rate as published in the Wall Street Journal on the last Thursday of every month. Current APR is between 13.74% to 18.00%. A 2% fee applies to balance transfers made after the introductory period. First year consists of the first 12 billing cycles and is only eligible for new HUECU accounts. We will not refinance an existing HUECU credit card. See huecu.org for complete details. Subject to credit approval.

Tags: Balance Transfer, Credit Cards, Debt Management