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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.
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 ...
Time to pay off. Interest/fees paid. Card with 15-month intro APR offer. $5,150 (principal balance + BT fee) $300. 17. $150 BT fee, $12.10 in interest. Card with no intro APR offer. $5,000. $300 ...
Pay your credit card balance in full: If you’re able to, paying off your balance in full each month before the payment due date for purchases ensures you’re not paying any interest.
Many credit card companies even offer a 0 percent APR promotion where balances transferred accrue no interest for the next six to 12 months. This allows you to pay them down without paying ...
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.
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