If you’re carrying significant credit card debt, reducing your interest rate can make a big difference month after month. Balance transfer cards let you …
If you’re carrying significant credit card debt, reducing your interest rate can make a big difference month after month. Balance transfer cards let you move your debt from a high-interest credit card to a new card with a low or 0% intro APR — a good method for stopping rising interest and making it easier for you to pay down your balance. Some balance transfer cards charge a fee (usually between 3% and 5%) for the benefit of the lower rate, sending your initial balance higher and making your savings calculations more complicated. Luckily, several cards offer fee-free balance transfers, usually offsetting the cost with shorter periods for your introductory APR. If you’re looking to transfer your credit card balance at no cost, read on to learn about our top partner offers.
