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Image source: Getty Images. Credit card debt is a serious financial issue. The average credit card interest rate is a staggering 22.76%, according to Federal Reserve data. Because of how high ...
How balance transfers work. Most credit card issuers offer a balance transfer program. Generally, they feature an introductory 0% APR on balance transfers that can last anywhere from six to 21 ...
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 ...
A balance transfer credit card can offer you many months to pay off high-interest debt in the form of a 0 percent introductory APR. But when that balance transfer period ends, interest charges are ...
2. Assuming you can transfer all of your debt to one card. When transferring debt to a new balance transfer card, keep in mind you may not receive a high enough credit limit to wipe it out completely.
Taking these steps could help you stay on top of your payments and avoid the late fees and penalties that might come with a new balance transfer credit card. 2. Your debt can be repaid relatively soon
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