Are you throwing a lot of money at your credit card debt, but aren’t seeing a real difference? This is common where the borrower may be making the monthly payments on time, but still seeing a high balance.

Here’s the issue. If you’re carrying around a $5,000 credit card debt where you’re making the minimum payment of let’s just say $200 per month, most of that money is going directly towards interest. At that rate, you could be years paying that off. In cases like this, you need a smart plan. One that’ll get you out from under the clutches of those high interest rates and into the “arms” of 0% APR.

The first thing you should do is find a credit card that’s offering a 0% APR for at least 12 months. Once you find that card, you want to make the transfer from your old card to your new card.

After the transfer, keep up with the same monthly payments you’ve been making. This money is now going straight to principal. Before you know it, your balance will be down considerably.

Try this right away to get a handle on those hectic interest rates.