KeyBank Latitude Credit Card
Consolidating debt with a credit card.
Using a credit card with a 0% APR balance transfer promo can be a great way to manage your debt, as long as the numbers check out. The KeyBank Latitude® credit card gives you 0% APR on balance transfers and purchases1 for 15 billing cycles with no annual fee,2 so you can put more of your money toward getting out debt.
Using a Credit Card to Consolidate Debt
Balance transfer cards can be a fast, easy way to consolidate debt when your circumstances are right. Here’s when it might work for you:
- Qualifying for the card. You’ll need a solid credit history to qualify for these cards, and when the promotional period ends, the APR is based in part on creditworthiness. That means higher credit scores get the lower rates.
- Balance amount. When you’re shifting debt to gain a lower APR, make sure you can pay off all or at least the majority of your principal balance during the promotional period. Once it ends, you’ll be paying the regular APR, so make sure to look at what it will be.
- Pay on time. If you know you can pay on time and not apply for or take on any more debt, you could raise your credit score while you pay down debt.
- The fees are reasonable. High annual fees can eat into savings. Typically, cards also charge 3% - 5% of the balance transfer amount with a minimum of $10. Look for no annual fees and lower transfer fees paired with longer 0% APR periods to get the most savings.
KeyBank Latitude Credit Card
This is one of those times when less can be more. Get a 0% APR on balance transfers for 15 billing cycles with KeyBank Latitude. This credit card gives you time to pay down debt, and flexibility to pay for the things you need, so you can manage your balance and your budget.
- 0% APR for 15 billing cycles on balance transfers and purchases made within 60 days of account opening. Afterwards, the standard variable APR applies, currently 9.99% - 19.99% based on credit worthiness.1
- No annual fee2
- Low 3% balance transfer fee or $10 add per transactions, whichever is greater
- All the benefits of Mastercard®