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A balance transfer is when you move credit card debt from a card with a high interest rate to one with a lower interest rate—or even a card that offers a 0% APR for an introductory period of time.
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 ...
The most important reason to pursue a balance transfer credit card is to take advantage of a low or 0 percent introductory APR offer. By transferring your debt to this new card, you start saving ...
While many credit card issuers offer 0% interest balance transfers, some issuers also charge a transfer fee, which could range from 0–5%. As a result, consumers should evaluate the balance transfer interest rate during the promotional period, the length of the promotional period, and the balance transfer fee when deciding on which balance ...
Or, if you have debt you want to consolidate and pay down, you can transfer your balance to a balance transfer credit card that offers a 0 percent intro APR for a limited time. The bottom line
Balance transfer cards allow you to move a credit card balance that may be subject to a high APR to a new account that features an introductory 0 percent APR offer. However, it’s important to ...
Before pursuing a balance transfer credit card or transferring a balance, carefully assess your financial situation — including your ability to repay and qualify for the new card. While the 0 ...
While the best balance transfer credit cards offer a 0 percent intro APR on balance transfers for a year or more, not all balance transfer checks offer the same benefit. If your balance transfer ...