A lot of balance transfer credit cards offer very low or even 0 % interest rate during the introductory period.
There are
lots of balance transfer credit cards available.
Not exact matches
Lots of articles steer you to the best
credit card by categories — one if you want airline miles, another if you need to
transfer a
balance and a third if you are looking for the lowest interest rates.
There are still quite a
lot of 12 - or 15 - month
balance transfer offers from
credit cards these days with 3 % fee.
Shifting debt from one
credit card to another can save you
lots of money if done properly, but whether or not you should accept a
balance transfer deal depends on many factors to determine if you can successfully use the
balance transfer to better manage your overall debt.
Assuming that you aggressively pay off the
credit card debt and do not get into any new
credit card debt during this promotional period then the
balance transfer option can potentially save you a
lot of money.
These days, you don't get a
lot of credit card balance transfer offers that don't come with a
balance transfer fee.
But if you have a
lot of credit card debt and can't afford to pay it all off within the promotional period, a
balance transfer card could land you in the same financial situation that you were stuck in before.
If you're carrying
balance on a high - interest
credit card, you can save a
lot of money by
transferring the debt over to the Double Cash
card.
If you have an outstanding
balance on a high interest
credit card, you'll save a
lot of money by
transferring it over to the PNC Cash Rewards Visa.
Although you can't earn rewards on
transferred balances, you can certainly save a
lot of money in interest fees by using a
balance transfer credit card with an intro - APR offer.
If you currently have a
credit card with a high
balance, and you noticed you are paying a
lot of extra money on interest, then you might want to consider switching to a
balance transfer credit card.
Most
credit cards charge a minimum
of 3 percent to
transfer a
balance, which can add up quickly if you consolidate a
lot of debt.