Comparing a shorter no-fee balance transfer vs. a longer one with a modest fee.As of January 2024, the average credit card interest rate is roughly24% APR(!). If you are paying 24% APR, that’s like paying 2% on your balance everymonth(!). Paying a 3% upfront fee for an 21 mon...
Typically, balance transfer fees are between 1% and 4%. If you move to a card charging 0% interest or low interest on balance transfers, this could save you a lot of money. No-fee balance transfer cards typically have shorter 0% interest periods than ones that do charge. To get the b...
Most balance transfer credit cards offer no interest for upwards of six months, which can help you save a lot of money on your debt. But many of these cards charge a 3% to 5% balance transfer fee, which can seriously cut into those savings. The average American has $5,313 in credit ...
Utilizing an introductory 0% APR balance transfer offer can help you pay down your credit cards faster. Instead of paying high interest, you can use those funds to pay down debts even faster. This can save you thousands of dollars in interest and reduce the cost of carrying high-interest ...
A balance transfer card is an important tool to help pay off credit card debt. These cards enable you to move high-interest debt to a new credit card that won’t charge interest for a year or more. Some of the top cards offer a 0% intro APR well into 2026. Here is our list of ...
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No cash back or other rewards offered. The Wells Fargo Reflect® Card * offers a long, low APR on purchases and qualifying balance transfers making it a great choice to tame high-interest debt or get some breathing room on a big buy. Card details Annual fee: $0. Rewards: None. Welc...
» MORE: How to choose a balance transfer credit card How important is it to pay no balance transfer fee? If you intend to pay down your balance in three months or less, the balance transfer fee could exceed what you’d save on interest. If that’s the case, you may be better off...
balance transfer credit cards charge no annual fee and offer at least 15 months of 0% apr for balance transfers. using a balance transfer card wisely can save you hundreds, or even thousands, of dollars in interest and help you get out of debt faster. why trust nerdwallet 400+ credit ...
0% intro APR for 15 months on balance transfers, then 11.40% to 25.40% variable regular APR Regular APR 11.40% to 25.40% variable Rewards rate N/A Annual fee $0 Why you'll like this: You have a chance at a lower-than-average ongoing APR, which could help you save on interest even ...