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But a 0% balance transfer card allows you to transfer your high-cost debt and avoid interest for up to 21 months.” A balance transfer is a way to pay off debt on one account and move it to ...
Balance transfer: You pay a total of $5,200, and you're out of debt in 26 months. That total includes the $150 balance transfer fee -- you only pay $50 in interest.
Here’s what you might save over 18 months if you transferred $5,000 in credit card debt from a 22% APR card to a 0% intro APR card. ... • No interest on purchases and balance transfers for up ...
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 ...
For example: If you have a $10,000 credit card balance at 24% interest and are paying $350 per month, it would take you 43 months to pay off your debt, and you would pay over $4,900 in interest.
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.
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