Transfer limits:Some cards impose transfer limits, and the amount of debt you transfer can't exceed thecredit limitavailable for the card. For example, if you have $10,000 in available credit, you won’t be able to transfer a $10,000 balance with a 3% balance transfer fee. You need $...
There are three simple steps to transferring your credit card debt to a balance transfer card, but before you go ahead it’s vital to compare the amount you would save on interest with any transfer fees you need to pay. by Ceri Roberts Edited by Adam French Updated 21 January 2025 6 min...
You apply for a 0% balance transfer credit card, and have them move your current card’s balance over to the new 0% card. To keep the 0% rate on the new card for the term, all you have to do is pay the minimum amount due every month. Done and done!
A balance transfer credit card can help you get out of debt, but only if you follow these steps.
Once the balance transfer is complete, you’ll pay down the balance on the new card. Moving high-interest debt to a 0% APR credit card through a balance transfer can save you hundreds or even thousands of dollars in interest charges. The process is relatively simple. But it's not instan...
How to transfer your credit card balance to a 0% APR card Making a balance transfer requiresapplying for a new card. First, you'll want to take a minute to check yourcredit score. Thebest 0% intro APR cardsrequire agood to excellent credit score, so you'll want to know your score ...
What Credit Score Do You Need to Get a Balance Transfer Credit Card? You'll usually need a credit score of 670 or better to get a balance transfer card, according to Experian, one of the three major credit bureaus.4A higher score may make you eligible for a larger credit line or other...
How do balance transfers work? When you transfer a balance to a credit card, the issuer of the card pays off your debt on the card you transfer from. Your old card remains open, but the debt is on the new card and your payment obligation has shifted to a new card's issuer...
Before applying for a balance transfer card, make sure you have a plan in place to pay off the transferred balance within the introductory APR period. A balance transfer can be a valuable tool if you’re struggling with high-interest credit card debt. Many credit card issuers offer balance...
Carrying a balance on a high interest credit card can be costly. You can transfer debt to a balance transfer credit card offering 0% intro APR for 21 months on balance transfers, such as the Citi Simplicity® Card (after, 18.24% - 28.99% variable APR; see rates and fees). Balance tra...