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During this time, your new balance transfer card issuer won’t charge interest on the card’s balance. To calculate what monthly payment to aim for, use Bankrate’s credit card payoff calculator .
A balance transfer can be a helpful tool for paying off high-interest credit card debt interest-free for an extended period of time. ... in 2019 to pay off about $4,000 worth of credit card debt ...
To ensure you pay off the balance before the intro period ends, make a plan using Bankrate’s credit card balance transfer calculator to determine the monthly payment amount that will help you ...
According to Bankrate’s credit card payoff calculator, ... Months to pay off card. Interest paid. Regular credit card. $5,000. $300. 20. $949. Balance transfer card with fee applied. $5,150.
A credit card balance transfer is a popular option for tackling high-interest debt. A balance transfer credit card typically offers a 0 percent intro APR period that allows you to save on interest ...
So, let’s say you transfer $5,000 in high-interest credit card debt to a new balance transfer card that charges a 3 percent balance transfer fee. In this case, you would begin repayment on your ...
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