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A balance transfer is when you move credit card debt from a card with a high interest rate to one with a lower interest rate—or even a card that offers a 0% APR for an introductory period of time.
1. Consider a 0% APR offer. A balance transfer credit card offers a way to pay down high-interest debt within a 0 percent introductory period, helping you to consolidate and pay off what you owe ...
The most important reason to pursue a balance transfer credit card is to take advantage of a low or 0 percent introductory APR offer. By transferring your debt to this new card, you start saving ...
The 0% rate promotion is the most common incentive when a new account is opened. Especially low rates compared to the existing supplier entice potential customers to transfer their debt. The card issuers gain new customers, knowing that these holders are prone to accruing debt rather than regularly paying off the balance, which makes them a ...
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Let’s say you transfer it to a balance transfer card with a 0 percent intro APR offer for 18 months and a 3 percent balance transfer fee. Let’s say your current card has a variable APR of 20. ...
The first is that 0 percent offers are always for a limited time. Even though they don’t last forever, some introductory offer periods can be quite long. The best balance transfer credit cards ...
Today’s best balance transfer credit cards come with at least 12 months of 0 percent introductory annual percentage rate (APR), allowing you the opportunity to pay down your transferred balance ...