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Understanding balance transfer credit cards. A balance transfer credit card is one that provides a 0 percent introductory APR on balance transfers, allowing you to move your existing credit card ...
You can capitalize on the perks of a new card. The best balance transfer credit card you choose could offer more than a 0 percent intro balance transfer APR. It may also offer better overall ...
When I performed my balance transfer with the Citi Simplicity® Card* for $4,000, I had a balance transfer fee of $200 and an intro APR period of 21 months. So I divided $4,200 by 21 months and ...
If you were to transfer the balance to a 0% APR card with a 3% balance transfer fee and you increase your payments to $309, you’d pay off the debt in 12 months and save $241.
Don’t forget to factor your balance transfer fee into the new balance on your card. This fee can be anywhere from 3 percent to 5 percent of your transferred balance, depending on the card.
Balance transfer cards allow you to move a credit card balance that may be subject to a high APR to a new account that features an introductory 0 percent APR offer. However, it’s important to ...
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related to: best professional blog sites for small business cards for bad credit balance transfer