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A balance transfer card can be a powerful tool to get out of debt. This type of credit card has a 0% intro APR on balance transfers, giving you time to pay what you owe interest-free.
Erik J. Martin. November 27, 2024 at 3:01 PM. ... Check out Bankrate’s Cardmatch™ tool to match with balance transfer cards that fit your credit profile and financial goals.
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.
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
MoneySavingExpert.com is a British consumer finance information and discussion website, founded by financial journalist Martin Lewis in February 2003. The website's focus is to provide people with information on saving money in the form of deals, tips and journalistic articles, as well as techniques and strategies for exploiting loyalty schemes and incentive-based credit cards.
Erik J. Martin. March 19, 2024 at 5:00 AM ... Every payment you make goes directly toward reducing the amount you owe, which makes the balance transfer credit card a valuable tool for becoming ...
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