0% Interest Balance Transfer a good idea? : r/debtfree - Reddit

I’m considering transferring the $6900 to take advantage of the 0% interest, but there’s a few additional considerations: The $2500 currently on that card will accrue regular interest until the …


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0% Interest Balance Transfer A Good Idea? : R/debtfree - Reddit

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I’m considering transferring the $6900 to take advantage of the 0% interest, but there’s a few additional considerations: The $2500 currently on that card will accrue regular interest until the …

reddit.com

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Good Idea To Balance Transfer? : R/debtfree - Reddit

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Yes, it makes sense to do a balance transfer to Discover. Your BoA interest is at 25%, so you will still save $$. They wouldn’t increase based on the higher amount, but it’s possible they can …

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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 …

reddit.com

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

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That's where they make their money to a balance transfer. Only do a balance transfer to a card that has a $0 balance. If you do a transfer to a card that carries a balance at 20%, most cards …

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How Many Of You Open A 0% Interest Balance Transfer Card To

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Had 2 maxed cards. Was able to open a DoubleCash with 18months 0% balance transfer. I moved one card’s balance to that DoubleCash and then was offered a balance transfer on that …

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Paying Off Debt By Balance Transfers At 0% Interest : R/DaveRamsey …

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It's ridiculous. I decided to balance transfer the debt to 2 different credit cards at 0% APR for a year each, one paying a 3% fee and one a 5% fee. My plan is to snowball it. Then when I don't …

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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 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 0% Interest Balance Transfers Basically Free Loans?

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The math: Assuming a $10,000 “balance transfer” with a 2% fee means you’re paying $200 upfront just to borrow the money. That’s more than one month worth of interest on the same …

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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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Deciding On A Balance Transfer/0% APR Credit Card To Help With

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$0 fee for balance transfers in the first 60 days after opening the account. Barclaycard Ring. Enjoy a 0% intro APR for 15 months on balance transfers made within 45 days of account opening …

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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 …

thepointsguy.com

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11 Best Balance Transfer Credit Cards Of November 2024 - CNBC

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2 days ago  · Balance transfer offer: Chase Freedom Flex card holders can transfer balances and take advantage of an intro 0% APR for 15 months, then a variable 19.99% - 28.74% APR …

cnbc.com

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

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Aug 26, 2024  · Most good things aren’t free, and that includes balance transfers. Many balance transfer credit cards will charge a balance transfer fee of 3% to 5% of the amount you transfer, …

creditkarma.com

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Best Balance Transfer Credit Cards With 0% Until 2026 - WalletHub

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Nov 1, 2024  · The best balance transfer credit card for fair credit is the Citi Double Cash® Card because it offers an introductory APR of 0% for 18 months on balance transfers made within 4 …

wallethub.com

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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 …

nerdwallet.com

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

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2 days 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 …

bankrate.com

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Best Balance Transfer And 0% APR Credit Cards (May 2024)

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5 days ago  · The Citi Simplicity offers a 21-month 0% APR on balance transfers and a lower balance transfer fee. This card is best for people with a large balance who prioritize paying it …

moneygeek.com

FAQs about 0% Interest Balance Transfer a good idea? : r/debtfree - 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. ...

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. ...

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. ...

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. ...

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. ...

Are balance transfers a good idea?

Balance transfers are a lesser-known and potentially underutilized aspect of some credit cards. They allow you to move debt from a high-interest card to another with a much lower annual percentage rate — even as low as 0% APR. But what are the pros and cons of balance transfers, and should you rely on them to save money? ...

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