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Financial Education

How to Consolidate Credit Card Debt

Is your holiday spending catching up to you? Like most people, you may have spent a lot on gifts, travel, and holiday celebrations the past couple of months resulting in some debts and balances that need to be paid. Although juggling payments may be stressful, there are solutions to ease the burden of your holiday spending.

Picatinny Federal Credit Union has two smart options to get you back on track now that the holidays have come and gone.

Option 1: Apply for a Premium Rewards Credit Card

With our Visa Rewards Credit Card, you can simplify your finances and potentially save money. Instead of juggling multiple cards with different interest rates, like one for Amazon purchases and another for airline tickets, consider consolidating your balances onto Picatinny FCU’s card. This can help reduce interest costs, streamline payments, and even earn rewards on your everyday spending.

Benefits:

  • Low interest rate: 0% APR* on purchases and balance transfers for the first 12 months.
  • Balance transfer options: Transfer your high-interest holiday debt with NO balance transfer charge.
  • No annual fees: No need to worry about an annual charge!

This is a great option to transfer balances and pay down debt while earning rewards! Apply now!

Option 2: Apply for a Debt Consolidation Loan

A Picatinny FCU Debt Consolidation Loan is another great option to help manage your holiday debt. This fixed-rate personal loan would be beneficial for those looking to consolidate multiple credit cards.

Benefits:

  • Predictable monthly payments
  • Lower interest compared to credit cards
  • Flexible terms to fit your budget
  • Personalized service

A debt consolidation loan gives you a fresh start for the new year with a structured repayment plan to follow! Apply now!

If you’re feeling the debt-hangover creeping in, let us help you. Stop by your nearest Picatinny FCU branch, give us a call at 973-361-5225, or visit us online to get started. Our Member Experience Professionals (MEPs) are ready to assist you and give you the boost you need to get back on track this year!

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