In addition, her emergency account has a balance of 0 which exceeds our original goal.
She is also on target to exceed her goal of saving an additional 0 between her work 401k plan and retirement account with Connex.
From balance transfer cards that can help you ditch debt through to rewards credit cards offering a range of freebies to entice any big spender's appetite, there's never a shortage of plastic to choose from in the bustling credit card market.
But what type of card is right for you and what are the features to consider and the fees to watch out for?
Deb was paying a significant amount on her credit cards each month for interest and principal.
If you still have debt to repay after this period the rate will revert back to the standard purchase rate or even the cash advance rate, which can be as high as 23% (ouch).
For this reason balance transfer credit cards are often best used only to pay off an existing debt, not for new spending.
Low interest rate credit card: If you're the type of person who sometimes carries a balance on your card rather than paying it off in full every month, a credit card with a low interest rate (starting from below 10% and definitely no higher than 14%) could be on your shopping list.
You won't need to ensure the interest rate is also ultra-low, because there's no need to worry about being hit with interest when you pay your credit card bill in full and on time each month.
There are some no annual fee credit cards on the market that do offer rewards programs and other perks, but for the most part these cards are no frills options suitable for those who don't want to have to pay a fee for the privilege of owning a credit card.