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A balance transfer is when you move credit card debt from a card with a high interest rate to one with a lower interest rate—or even a card that offers a 0% APR for an introductory period of time.
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 ...
The Wells Fargo Reflect is a no-annual-fee credit card made for balance transfers. It has 0% APR for 18 months from account opening on balance transfers and purchases, followed by a APR.
A 0% intro APR credit card lets you avoid paying interest on purchases or balance transfers for up to 21 months. This can save you hundreds or thousands of dollars when financing large purchases ...
So, let’s say you transfer $5,000 in high-interest credit card debt to a new balance transfer card that charges a 3 percent balance transfer fee. In this case, you would begin repayment on your ...
Assuming you pay it down to $9,000 and move that loan — now including an estimated $360 fee — to a balance transfer card with a 0 percent intro APR for 15 months, the payments would rise to ...
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