(NewsNation) — Americans owe a record $1.14 trillion on their credit cards, and carrying debt has become more expensive, but a refinancing method known as a balance transfer could help ease the pain.

The economic squeeze is pushing more people into credit card debt. For 52.97% of Americans, housing costs now take over half their monthly salaries — leaving less for other crucial expenses. "There's ...

If you’re drowning in credit card debt, transferring your balance to a card with lower interest might sound like a lifesaver. But before you jump in, you’re probably wondering: “Do balance transfers ...

Consumer debt has reached an all-time high and millions of credit card holders are feeling the pain. There are many strategies and solutions to help you if you’re struggling with this unfortunately ...

If your balance isn’t paid off during the introductory period, interest charges start accruing on your remaining balance. Options for handling the remaining balance include making a lump sum payment, ...

A balance transfer lets you move all or part of a balance from one credit card to another. Balance transfers can significantly lower your interest rate – potentially to 0% annual percentage rate – and ...

With more than 50 million redeemed miles under her belt, Becky Pokora is a rewards travel expert. She's been writing about credit cards and reward travel since 2011 with articles on Forbes Advisor, ...

A balance transfer credit card could offer you a chance to pay less interest while paying off – or at least reducing – your balance. If you move your account balances to the card and pay it off during ...

Credit card debt is expensive, and Americans have a lot of it. As a whole, Americans owe $1.142 trillion on their credit cards, according to Federal Reserve data. Interest rates are often 20% to 25% ...