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A balance transfer credit card can offer you many months to pay off high-interest debt in the form of a 0% introductory APR. But when that balance transfer period ends, interest charges are added ...
Transfer $5,000 to the Citi Double Cash® Card, which offers an intro 18 months 0 percent interest on balance transfers (then a 19.24 percent to 29.24 percent variable APR), and you’ll pay about ...
With a balance transfer, you move your credit card debt from a credit card with high interest to your new card for interest-fee payments for a set period of time, often anywhere from 12 to 21 months.
When I performed my balance transfer with the Citi Simplicity® Card* for $4,000, I had a balance transfer fee of $200 and an intro APR period of 21 months. So I divided $4,200 by 21 months and ...
Let’s assume you transfer it to a balance transfer card with a 0 percent intro APR offer for 18 months and a 3 percent balance transfer fee. Additionally, let’s say your current card has a ...
Key takeaways. A balance transfer is a good way to eliminate existing credit card debt over a set number of months, usually at a lower interest rate.
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