As credit card balances continue to climb nationwide, borrowers need to know what their lower-rate options are for getting out of debt. Tetra Images/Getty Images

Credit card debt has reached staggering heights in America, with borrowers now carrying over $1.23 trillion in balances on their credit cards, up from a total of $1.21 trillion just a few months ago. While this high and growing card debt is problematic, what's perhaps even more concerning is that the average credit card interest rate hovers above 22% currently. When rates are that high, your payments will typically barely move the needle on the actual balance if you're carrying one from month to month.

The reason is simple: Those double-digit credit card APRs, coupled with how credit card interest compounds , m

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