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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 credit card issuer that inherited your debt from another account will usually charge between 3 percent and 5 percent of the balance. Therefore, on a balance of $8,000, your balance transfer ...
0% APR on balance transfers. Zero percent balance transfer offers allow you a promotional period in which you can move existing high-interest credit card debt to your new card and pay it down with ...
The most important reason to pursue a balance transfer credit card is to take advantage of a low or 0 percent introductory APR offer. By transferring your debt to this new card, you start saving ...
With the 0 percent APR credit card, you’d save $771.90, even with the 3 percent balance transfer fee factored in. Not only that, but you’d become debt-free three months faster by using the ...
Ongoing APR: 18.24 percent, 24.74 percent or 29.99 percent variable APR. Balance transfer fee: 5 percent ($5 minimum) Pros. It features a long 21-month intro offer on both balance transfers and ...
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