Sentences with phrase «balances during the introductory period»

Balance transfers only make sense if you are able to pay off the balance during the introductory period, or at the very least, you are able to take advantage of the 0 % interest to substantially pay down the debt.

Bottom line with a 0 % introductory APR offer for balance transfers this would allow you to pay off more of the actual transferred debt without having to worry about interest adding on to your qualifying principal balance during the introductory period.

You can get out of debt faster since more of your payment will go towards the balance during the introductory period.

Second, if you transfer balances during the introductory period, you can consolidate debt at virtually no cost to you.

Not exact matches

The 3 % balance - transfer fee will eat into interest savings during the introductory period, and the no - interest offer on new purchases is shorter than for other top cards.

Each Balance Transfer posted during the introductory period will retain the introductory APR for 12 months from the posting date.

Just because you transferred your balance to a credit card that offers a zero percent interest rate for six months, that doesn't mean that you won't pay a much higher interest rate for purchases you make during the introductory period.

During an introductory period of sixty days, there are $ 0 in balance transfer fees; afterwards, the rate reverts to the standard $ 5 or 5 % (whichever value is greater).

Failure to pay them off during the introductory period means that balances remaining after the introductory period expires will accrue interest at a new and usually much higher rate.

These are usually several points higher than those for purchases or balance transfers although at times during promotional periods there is an introductory rate lower than than the regular rates for the two.

If you elect to carry a balance interest will be charged provided it is not during a 0 % introductory period.

Low Introductory APR on balance transfers of 1.99 % for your first 6 billing cycles, this rate will not change during the introducIntroductory APR on balance transfers of 1.99 % for your first 6 billing cycles, this rate will not change during the introductoryintroductory period.

Things to keep in mind here: If you can not pay off the balance of transfer during the introductory period, then look for a card that also has a relatively low standard APR..

If you can transfer a balance and pay it off during the introductory period, you will likely save on finance charges.

It is wise to do the balance transfer only if you can pay off the entire debt during the introductory period.

In most cases, a debt consolidation credit card will only save you money if you can manage to pay the balance in full during the introductory period.

Look for cards that offer low — or even zero — balance transfer fees during the introductory period.

What's more, many great introductory APR offers — including our favorites below — will apply to both new purchases as well as balance transfers, so you won't be charged interest on those rewards - reaping new purchases during the introductory period.

As noted in the chart above, the Introductory rate on purchases is valid for 180 days from account opening, unless you make a late payment during the introductory APR period — at which time the standard APR of 19.99 % (Prime + 15.49 %) will apply to the outstandIntroductory rate on purchases is valid for 180 days from account opening, unless you make a late payment during the introductory APR period — at which time the standard APR of 19.99 % (Prime + 15.49 %) will apply to the outstandintroductory APR period — at which time the standard APR of 19.99 % (Prime + 15.49 %) will apply to the outstanding balance.

As an example if you are approved to transfer over $ 5,000 to the Chase Slate ® card and you make the transfer during the introductory balance transfer fee period, you'd save $ 250 on balance transfer fees.

This is a variable - rate account and the rate applicable to your balance tier may change at any time, except during the introductory period.

While the balance you carry under a 0 % balance transfer offer won't accrue interest during the interest - free period as long as you make every minimum payment on time, credit card companies usually charge consumers a fee for moving the balance from the old card to the new, 0 % introductory offer card.

If you are paying interest on credit cards from another issuer (non-Chase), you can save money during the introductory period by transferring your balances to your Slate card.

«In most cases, balance transfers represent an interest - free loan during the introductory period, but if consumers use that relief to simply continue uncontrolled spending, they will easily get deeper in debt.»

Balance transfer credit cards give you an opportunity to save money and pay off debt faster, with low or 0 % interest rates during the introductory period.

The Balance Transfer fee has no maximum during the introductory period (first 6 monthly billing cycles); thereafter, this fee will be a maximum of $ 99 per Balance Transfer.

A 0 % introductory APR period: This lets you avoid interest on purchases or balance transfers during a promotional period.

It's important to only use that opportunity if you know you can pay off the balance during the introductory APR time period.

A lot of balance transfer credit cards offer very low or even 0 % interest rate during the introductory period.

A true 0 - percent balance transfer card does not charge interest during the introductory period (as long as you make your monthly payments on time), even if you are still carrying a balance at the end of the introductory period.

Transferred balances are usually subject to transfer fees which may be lowered or waived during an introductory period.

For example, do the math to figure how much you need to pay each month to pay off a balance during a 0 percent introductory offer and do not add to the balance during that payoff period.

What's more, many great introductory APR offers — including our favorites below — will apply to both new purchases as well as balance transfers, so you won't be charged interest on those rewards - reaping new purchases during the introductory period.

Many cards offer a 0 % APR promotion, which can save new cardholders hundreds of dollars on interest during the introductory period if they carry a balance or make a balance transfer.

Just transfer your balances and focus on paying off your card during the introductory period.

Either way, the introductory period will be the lowest APR you can expect from a balance transfer card, so it's wise to use your card during that specific time frame.

A zero - balance transfer card charges 0 % interest during the introductory period.

For example if you owed $ 5000 on two different credit cards you could transfer both balances onto the balance transfer credit card and save a lot on interest especially during the low introductory APR interest rate (which is for a set period depending — most offers are 12 months, but some can be even 15 months).

«Look for the longest introductory period, the lowest interest rate during that time, and a very close to average interest rate when the intro period ends,» Sherry says, adding that customers should see if they can get a balance transfer fee waiver, too.

A true 0 - percent balance transfer card does not charge interest during the introductory period (as long as you make your monthly payments on time), even if you are still carrying a balance at the end of the introductory period.

During the low or zero - introductory APR period, pay down as much debt as you possibly can so your balance is as low as possible when the higher interest rate period begins.

In case you aren't able to clear your transferred credit card balance during the introductory 0 % APR period, you may feel tempted to opt for another balance transfer.

Using a balance transfer credit card successfully requires paying off as much debt as possible during the low introductory APR period.