If youre dealing with a high-APR credit card balance that’s costing you $50, $75 or even more than $100 a month in interest, a zero-interest balance transfer could eliminate these finance charges for a year or longer-saving you money and allowing to repay the debt faster.
For example, a card like the Citi® Diamond Preferred® Card can offer a 0% intro APR for 21-months on balance transfers from date of first transfer and 0% intro APR for 12 months on new purchases, so you can pay off debt quickly and interest-free. (Regular APR is % – % Variable).
Is a https://yourloansllc.com/installment-loans-id/ balance transfer right for you?
If you’re in a good financial place (for example, you have a stable job, a good credit score and your credit card balances are modest, not maxed out), transferring a high-APR balance so you can save money and pay it off faster is smart. Continue reading “0% APR Balance Transfers Can Save Thousands In Interest, But Should You Really Apply?”