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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.
By paying in full, you get the benefits that your credit card offers without the costly interest charges. 3. Refinance credit card debt with a balance transfer card
A balance transfer credit card offers a way to pay down high-interest debt within a 0 percent introductory period, helping you to consolidate and pay off what you owe faster.
And current credit card interest rates hover above 20 percent, which means high interest charges on outstanding card balances. There may also be a lack of education around credit card debt.
Key takeaways. A 0 percent intro APR credit card can help you pay off existing debt or fund new purchases without paying interest. When your promotional period ends and it’s time for the regular ...
A 0% intro APR credit card can be a useful way to pay for large purchases or consolidate high-interest credit card debt, acting like a no-interest short-term loan if used responsibly. And it ...
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