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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 ...
The Fifth Third Preferred Cash/Back Card trounces competitors with its 2% return rate—and its 0% intro APR offer incentivizes folks with credit card debt to transition.
GOBankingRates has identified some of the best balance transfer credit cards currently offering 0% introductory APRs to new customers.
A credit card balance transfer is the transfer of the outstanding debt (the balance) in a credit card account to an account held at another credit card company. [1] This process is encouraged by most credit card issuers as a means to attract customers. The new bank/card issuer makes this arrangement attractive to consumers by offering incentives.
0% Balance transfer: 0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days of opening your account, then 16.24% - 26.24% thereafter, plus a balance transfer fee of ...
The general conversion factor for APR to EAR is = (+), where represents the number of compounding periods of the APR per EAR period. For a common credit card quoted at 12.99% APR compounded daily, the one-year EAR is (+), or 13.87%; and if it is compounded monthly, the one-year EAR is (+) or 13.79%. On an annual basis, the one-year EAR for ...
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