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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 ...
A balance transfer is when you move your balance from one credit card to another offering a lower or 0% annual percentage rate (APR) for a set period of time, usually six months to up to two years ...
Balance transfer fee: 3 percent ($5 minimum) ... 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 ...
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
But a 0% balance transfer card allows you to transfer your high-cost debt and avoid interest for up to 21 months.” ... Calculating interest savings versus transfer fees is crucial.
Assuming you pay it down to $9,000 and move that loan — now including an estimated $360 fee — to a balance transfer card with a 0 percent intro APR for 15 months, the payments would rise to ...
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