If you haven't been credit card shopping recently, you'd be amazed at the variety offered today. In addition to the different interest rates, the extent of rewards or perks offered is vast. There are cards offered to fit everyone's needs. Good credit, bad credit, in between, 0% APR introductory offers, sky miles, cash back,... just to name a few.

Of course the financial experts would tell you to watch that credit card debt, pay off the balance every month so you don't have to pay interest. If you do have high balances the experts would also tell you to take out a loan on your home so you could get a lower interest rate and tax advantage too. But that's not always realistic or possible for some. Perhaps they just bought their first home and the equity is limited. There could be a number of reasons why the professional financial advice just won't work. So what to do?

What if you just purchased your first home and your credit cards had balances with interest being accrued each month? Then say you like to travel, but you have these bills. Could you plan a trip in the not too distant future? I believe you could.

Most of the credit card companies today have 0% APR introductory offers. This rate is good for six to twelve months and many times is valid for balance transfers and purchases. In addition, many offer rewards such as air miles.

First figure out the most you could pay each month on these accounts combined. Apply for a card that offers 0% APR for twelve months and transfer the balances that are accruing interest to this new account. Now remember, you're saving interest each month. Then you could use the credit card as much as possible for daily expenses, keeping track of and setting that amount aside each day. At the end of the month, you should pay the amount determined which you could afford on the balance transferred and then pay the entire amount charged for the monthly expenses.

By doing this, you would be paying off the older balance with a 0% interest rate and earning rewards at the same time. At the end of the twelve months you may very well have enough points to take that planned trip. Your credit card balance should be paid off almost completely.

When things seem out of reach, you can achieve them, as long as you have a plan.