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A balance transfer credit card will benefit you most if you have high-interest debt and need more time to pay it off. ... Use Bankrate’s credit card payoff calculator. ... if you transfer $5,000 ...
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 ...
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 credit card will benefit you most if you have high-interest debt and need more time to pay it off. ... if you transfer $5,000 in debt to a balance transfer card, you could pay ...
For example, if you transfer $6,000 in credit card debt to a card offering 0% intro APR for 18 months, you could pay off the full amount by making $333 monthly payments with no added interest charges.
Starting balance. Monthly payments. Months to pay off card. Interest paid. Regular credit card. $5,000. $300. 20. $949. Balance transfer card with fee applied. $5,150
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