Sentences with phrase «during the introductory period if»

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.

Not exact matches

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.

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

If you consolidate debt and then keep charging up your now empty cards, or if you don't pay off the debt during the introductory period and end up paying at a higher rate, then you can come out worse than you were beforIf you consolidate debt and then keep charging up your now empty cards, or if you don't pay off the debt during the introductory period and end up paying at a higher rate, then you can come out worse than you were beforif you don't pay off the debt during the introductory period and end up paying at a higher rate, then you can come out worse than you were before.

Even worse, if such an offense happens during a time period where the account is awarded a 0 % introductory term, the interest free rate may be stripped.

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.

During the introductory period you'll effectively earn over 33 miles per dollar if you meet the spending requirements.

During the introductory period you'll effectively earn over 10 points per dollar if you meet the spending requirements.

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

If you won't be able to become completely debt - free during your card's introductory APR period, it's crucial to create a backup plan toward the end.

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.

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.

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.»

If you don't pay off the debt during the introductory period, interest charges are charged retroactively, and usually at a high rate.

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

If you know you'll be making big - ticket purchases during the introductory period, pick the card with the best sign - up bonus.

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

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.

However, if you think you'll sell the home before the introductory period ends, you may decide to take advantage of the lower rates that prevail during the initial periods on ARMs.