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The interest-free period on a balance transfer offer is only temporary. If you can’t pay your entire balance off in that time frame, you’ll wind up paying a double-digit APR once again.
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.
Most balance transfer cards charge balance transfer fees of 3 percent to 5 percent of your balance. So, if you transfer $5,000 to a balance transfer card, you could pay an extra $150 to $250 in fees.
That way, you earn rewards on your big purchase and take advantage of an intro 0-percent APR period to pay it off interest-free. Deciding if a balance transfer is the right move depends on your ...
A balance transfer credit card can help you pay off your debt faster and save money on interest, but it may not be the right move for everyone. ... “Know that a credit transfer is not free money ...
A balance transfer credit card is a type of card offering a 0 percent introductory APR period during which you can pay off your debt faster without interest. With a balance transfer, you move your ...
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