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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 ...
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. ... if you transfer $5,000 in debt to ...
To ensure you pay off the balance before the intro period ends, make a plan using Bankrate’s credit card balance transfer calculator to determine the monthly payment amount that will help you ...
To test this math with your own credit card balances, try using Bankrate’s credit card payoff calculator. 2. Pay less in interest. ... Balance transfer credit cards.
For example, if you transfer $6,000 in credit card debt to a card offering 0% intro APR for 18 months, you could pay off the full amount by making $333 monthly payments with no added interest charges.
During this time, your new balance transfer card issuer won’t charge interest on the card’s balance. To calculate what monthly payment to aim for, use Bankrate’s credit card payoff calculator .
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