Are 0% balance transfers worth it? : r/CreditCards - Reddit

berkserbet. • 10 hr. ago. Absolutely. Transferring your $20K balance to a card with a 0% intro APR for 18 months and a 3% fee is a smart move. The transfer fee will be $600 (3% of $20K), …

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Are 0% Balance Transfers Worth It? : R/CreditCards - Reddit

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berkserbet. • 10 hr. ago. Absolutely. Transferring your $20K balance to a card with a 0% intro APR for 18 months and a 3% fee is a smart move. The transfer fee will be $600 (3% of $20K), …

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Are 0% APR Balance Transfers To Good To Be True? : R ... - Reddit

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This seems high. You should be able to find a 3% or lower transfer fee. It's 5% for 21 months. Many of the 3% fees are 18 months, the 0% fees tend to be 15 months. Yeah, a 60% higher …

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To Balance Transfer Or Not To Balance Transfer : R/personalfinance

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Credit cards waste SO much money in interest it's ridiculous. Right now about $230/month is being completely wasted on these cards :( A 0% balance transfer is a good option. I used that …

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Are Balance Transfers Worth It? : R/personalfinance - Reddit

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Often the balance transfer comes with an upfront fee of 2 or 3%. That makes it of questionable value. YES! they are totally worth it IF you are disciplined. The trap is to think that you don't …

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Are Balance Transfers Worth It? Pros And Cons - Credit Karma

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It can consolidate your payments You may be able to combine multiple credit card balances by transferring them to a balance transfer card. Once you consolidate your credit card debtonto one card, you can focus on one payment with one due date, instead of making several payments each month and having to kee… You can save money on interest A major benefit of doing a balance transferis the potential to save money on interest. It’s common to see credit cards with APRs of up to 28% or higher. Some balance transfer cards come with an introductory 0% APR for a set amount of time. That way the money you do put toward your deb…

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Best Balance Transfer Cards Of November 2024 – Forbes Advisor

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3 days ago · Here's Forbes Advisor's list of the best balance transfer credit cards with a 0% APR offer. ... worth up to $300 cash back! Enjoy 6.5% cash back on travel purchased through …

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What Is A Balance Transfer? Should I Do One? - NerdWallet

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Sep 25, 2024 · A balance transfer is a transaction in which you move debt from a high-interest credit card to a card with a lower interest rate, ideally one with a 0% introductory APR. …

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The Pros And Cons Of Balance Transfer Credit Cards

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Mar 26, 2024 · WESTEND61/GETTY IMAGES. Several credit cards offer an introductory 0% interest rate on balance transfers, so if you've accrued a lot of debt on another card, you can …

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Balance Transfers: Benefits, Drawbacks And Alternatives

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Nov 2, 2023 · With most cards, a fee of 3% to 5% of the amount transferred is added to your balance on the new card when the debt moves over. For example, if you transfer a $5,000 …

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What Should I Consider With A Balance Transfer Card? - Reddit

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I'm considering a balance transfer card. I've seen a few offers on Credit Karma for cards with 15-18 month periods 0% interest and 3% transfer fees. One concern I have is that I doubt that …

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12 Best Balance Transfer Credit Cards Of November 2024

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2 days ago · See our picks for best balance transfer credit cards. ... worth up to $300 cash back! ... Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, …

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13 Best Balance Transfer Cards With 0% APR Of November 2024

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1 day ago · 0% intro on balance transfers for 18 months. $6,826 (with 5% balance transfer fee) $379. $0. $6,826. Your transfer limit is usually equal to or less than your credit limit. For …

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Should I Get A Balance Transfer Credit Card, And Can I Do It ... - Reddit

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You can apply for a balance transfer card with a bank other than Citi right now online. Just find one that has a nice long promo 0% promo APR period. 18 months is most common but some …

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Best Credit Cards Of November 2024: Top Cash Back, Travel

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4 days ago · 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable …

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Citi Simplicity Card Review: Long Intro APR On Balance Transfers Is ...

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Nov 4, 2024 · 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable …

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Balance Transfer Credit Cards - Are They Worth It? : R/CreditCards

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If you can qualify for a BT card, it'll be ~3% transfer fee with anywhere from 12-18 months or longer at 0% APR. If you can stick to that timeframe it'd be a big money saver. Watch out for …

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R/CreditCards On Reddit: Could You Conceivably Keep Doing …

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However, my credit is terrific and get tons of balance transfer card offers like Chase Slate, Wells Fargo, BofA, etc. Assuming there is a 0% balance transfer charge and a 12-18 month 0% apr …

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Is A 0% Balance Transfer Worth It In This Situation? Should I ... - Reddit

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Otherwise, if the rate that they offer isn't great, consider the 0% balance transfer, but you will take a hit on your credit score (if that is something that concerns you) for applying to a new credit …

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Eli5 What Is A Credit Card Balance Transfer And What Does It Do?

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Card A - has a $5000 balance (this is what you've got to pay back), with a 11% APR interest rate. Card B - has a $0 balance, with a 4% APR interest rate. You can transfer all or part of the …

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0% Balance Transfer Worth It? : R/CreditCards - Reddit

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Got a near maxed out 0% business credit card. My 0% period is coming to an end though. I could pay it off now, but I invest a lot in my business and would rather keep investing and pay off …

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FAQs about Are 0% balance transfers worth it? : r/CreditCards - Reddit Coupon?

Is a 0% balance transfer a good option?

A 0% balance transfer is a good option. I used that to pay off cc debt and it worked very well. It did have a 3% balance transfer fee, but that fee paid for itself with just 2 months of interest savings. If I was in your position, I'd do what already worked for me which is to get a 0% card and transfer as much as you can to it. ...

Should I transfer my balance to a 0% credit card?

Balance transfers to a 0% card can be a great way to deal with your credit card debt. Keep in mind there's usually a fee for doing it, but it's well worthwhile in your situation. A way to dodge that fee is to use your 0% card for your daily expenses. Pay the monthly minimum on that and then plow all you can into the higher rate cards. ...

How much does a balance transfer credit card cost?

The "perfect" balance transfer credit card comes with three big zeroes: A 0% introductory APR offer for balance transfers. A $0 annual fee. A $0 balance transfer fee (or a way to avoid paying such a fee). With a "triple-zero" card, you could potentially pay off your debt without spending a penny on interest and fees. ...

Is a balance transfer credit card a good idea?

Some balance transfer credit cards come with an introductory 0% APR offer for a set number of months and most balance transfer cards will charge a fee to transfer the debt over. So, this can be a great option, but if you’re not careful or aware of the potential drawbacks, you could wind up with even more debt. ...

Do Balance transfer cards offer a 0% intro Apr?

Balance transfer cards may offer a 0% intro APR for a specific amount of time. The promotional period can vary depending on the card, but you’ll see balance transfer cards out there with intro APR periods of anywhere from six months to 21 months. ...

Do credit cards offer 0% interest on balance transfers?

Several credit cards offer an introductory 0% interest rate on balance transfers, so if you've accrued a lot of debt on another card, you can transfer the amount to one of these cards and pay it off over time stress-free. ...