Balance transfer credit cards are designed to help you get out of debt while paying zero interest. I think that sounds amazing, don't you? Here's how it works: If you have credit card debt on high-interest credit cards, you can transfer that debt to a 0% introductory annual percentage...
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 ...
You'll need to come up with a plan topay off credit card debt. The amount you need to pay each month to have a zero balance at the end of the intro period depends on the length of the intro period. For example, if you have a $4,500 balance on theChase Freedom Flex, which offe...
No-fee balance transfer cards provide interest-free periods ranging from six to 15 months. You should consider how much money you have leftover each month to repay debt and how long it will take to reach a zero balance. This can help you decide if a 6-, 12- or 15-month interest-...
Moving debt to a balance transfer credit card with a 0% introductory APR period can definitely save you money on interest in the short term, but it’s not without its own costs. Most notably, these cards charge a balance transfer fee. If you’d be able to pay off your debt in a cou...
Consider using a low-interest credit card. If your expense or purchase can be paid with a credit card with a zero-interest promotional period, consider that first. But be sure that you can repay the balance in a reasonable time frame to avoid accruing high-interest, revolving debt. Borrow...
Banks express interest rates as annual percentage yields – the percent your money will grow after one year. One benefit of a savings account is the interest compounds, which means it is calculated and added to your balance on a recurring basis. A savings account is a secure place to store...
So the ideal balance transfer credit card would have a $0 balance transfer fee, as well as a $0 annual fee and a long 0% intro APR period. At one point in the mid-2010s, such "triple-zero" cards weren't too difficult to find, and several major issuers made such offers available, ...
A balance transfer credit card can be an excellent tool for saving money on interest charges and taking control of your credit card debt. But before applying, consider how long the promotional period is and whether there is a balance transfer fee. The best balance transfer cards come with ...
This One Credit Card Hack May Boost Your Credit Score and Purchasing Power Best Rewards Checking Accounts of 2024 Best Parent Loans for College Best Student Loans for Bad Credit Best Auto Repair Loans for 2024