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A balance transfer is a way to pay off debt on one account and move it to another—generally to a credit card offering a 0% introductory APR period. Consumers often use balance transfers to get a ...
Many credit card issuers offer balance transfer credit cards with introductory 0 percent annual percentage rate (APR) periods that allow you to pay down what you owe interest-free for periods of a ...
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.
A 0% intro APR credit card lets you avoid paying interest on purchases or balance transfers for up to 21 months. This can save you hundreds or thousands of dollars when financing large purchases ...
With a balance transfer to a 0% card, even with a 3% transfer fee, you could pay off your debt in 32 months and only pay about $700 in interest. Thus, in this scenario you can save over $3,900 in ...
If you are dealing with debt from multiple places, handle your high-interest debt first. A balance transfer card’s 0 percent intro APR period will give you a chance to pay off that debt without ...
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