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A 0% intro APR credit card can be a useful way to pay for large purchases or consolidate high-interest credit card debt, acting like a no-interest short-term loan if used responsibly. And it ...
Debt to pay off. Monthly payments. Time to pay off. Interest/fees paid. Card with 15-month intro APR offer. $5,150 (principal balance + BT fee) $300. 17. $150 BT fee, $12.10 in interest
Intro Balance Transfer Offer: Get 0% APR on purchases and balance transfers for the first 12 months. $0 Intro Annual Fee : $0 intro annual fee for the first year, then $95. Things to Keep in Mind :
The average credit card APR is about 23%, according to November 2023 Federal Reserve data, which means the average $6,501 balance would accrue about $112 in interest each month.
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 ...
Average credit card balance in 2023: $6,501 ... When the average credit card interest rate is at 20.75 ... some of the best balance transfer credit cards offer 0 percent APRs for up to 18 or even ...
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Another strategy is a 0 percent balance transfer card, which allows you to move your balance to a new card with 0 percent interest for a limited time, often 12 to 21 months. You can use that time ...
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