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Balance transfer cards can help you get out of debt quickly, but you need a payoff plan. Review your budget to determine how much you can dedicate to the debt payments on a monthly basis. Then ...
The best balance transfer credit card you choose could offer more than a 0 percent intro balance transfer APR. It may also offer better overall benefits — possibly including cash back, rewards ...
A balance transfer credit card can help you pay off your debt faster and save money on interest, but it may not be the right move for everyone.
On a $5,000 transfer, the balance transfer fee will likely be $150 or $250. It's a fairly small price to pay to go from an interest rate of 20% or higher to 0%.
At this point my balance on the loan had been reduced to $13,000, which meant that a balance transfer of $7,500 (leaving wiggle room for fees) would help me cut the balance by more than half.
A balance transfer card is not always the right plan. Learn when to use a different method to pay off your debt. 4 Ways to Tell a Balance Transfer Card Is a Bad Idea
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