Any Downside to 0% APR Balance Transfer? : r/personalfinance

First of all, this is NOT free money without inflation! IT ISNT FREE MONEY, IT IS DEBT. That is how you get into hardcore debt you can repay for years. You already pay your card off at the end of every month, unless you have a large purchase like a couch or new computer system this …

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Any Downside To 0% APR Balance Transfer? : R/personalfinance

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Is There Any Downside To A Balance Transfer? : R/personalfinance

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The main thing to watch out for with a transfer are the terms. You may get a lower interest rate but there is often a fee (sometimes 2-3%) to complete the transfer. So you have to do some math …

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Are 0% APR Balance Transfers To Good To Be True?

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Nope - the downside is the up-front fee; in this case it will take you just 4 months to recover the fee through lower interest, so this should help you pay down your debt significantly over the …

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12 Best Balance Transfer Credit Cards Of November 2024

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2 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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11 Best Balance Transfer Credit Cards Of November 2024 - CNBC

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2 days ago · However, some cards offer a path to paying off debt quicker with an introductory 0% APR period. These cards offer no interest for up to 21 months, which can more than offset any …

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

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1 day ago · Only Available in 15 East Coast States and D.C.

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

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PLEASE take advantage of 0% APR offers. This is what everyone should be doing. If you carry a balance EVER on a credit card you need to get a 0% APR promotional offer and do a balance …

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Best 0% APR Credit Cards Of November 2024 – Forbes Advisor

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Oct 29, 2024 · Credit cards can come with perks, protections and conveniences but if you’re using them to finance a balance, it can be incredibly expensive—unless you have a 0% introductory …

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Longest 0% Intro APR Balance Transfer Offers Of November 2024

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Nov 8, 2024 · Balance transfer credit cards, particularly those offering extended introductory periods with 0% APR, may be the right option for individuals grappling with high-interest debt.

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Best Balance Transfer Credit Cards Of November 2024: Choose …

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Oct 30, 2024 · If you're already carrying credit card debt, a credit card that offers 0% introductory APR on balance transfers can be a godsend for your finances. A good balance transfer credit …

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The Pros And Cons Of 0% APR Credit Cards | Bankrate

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Aug 31, 2024 · A 0 percent intro annual percentage rate (APR) card can help you consolidate and pay down debt faster – without interest payments – if you’re disciplined in how you use it. …

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

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5 days ago · 0% purchase and balance transfer APR for the first 18 billing cycles, then a variable APR between 16.24% and 26.24%. No penalty APR. Balance transfer fee of $10 or 3%, …

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Transferring Balances For 0% APR? Downside? : R/personalfinance

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I have about 2 credit cards with ~$6k balances on them. I hadn't been quite as responsible with finances until recently and have been working towards…

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9 Best Balance Transfer Credit Cards In November 2024

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A 0% APR balance transfer is a great way to pay down the principal on your credit card debt, saving you hundreds of dollars in interest. We found that the longest 0% APR balance transfer …

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

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Aug 26, 2024 · 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 …

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The Best Balance Transfer Credit Cards (November 2024) - Yahoo …

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Oct 29, 2024 · 0% intro APR on purchases and balance transfers for the first 15 months (18.24% to 28.24% variable APR after that; 3% intro balance transfer fee until until Dec. 10, 2024, then …

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

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It is pretty common on those 0% deals when signing up for store branded cards. But almost no major credit card company uses deferred interest for 0% balance transfer promos any more. …

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U.S. Bank Visa® Platinum Credit Card

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2 days ago · Awarded Best 0% Intro APR and Balance Transfer Credit Card Apply now Balance transfer calculator. See how much you could save with a 0% balance transfer for 21 billing …

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0% APR Balance Transfer : R/personalfinance - Reddit

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Yes if you qualify, 0% is good (there will be a 4-5% fee). Better if you also lower your spending and increase your income so that you can pay it off faster and begin saving/investing

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0% APR Balance Transfer. Have Done One Already. Will Doing

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15 votes, 16 comments. I had around $20k in credit card debt at the start of this year due to poor money management and never having really dealt…

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FAQs about Any Downside to 0% APR Balance Transfer? : r/personalfinance Coupon?

How much is a balance transfer Apr?

Balance transfers made within 120 days qualify for the intro APR and a balance transfer fee of 5%, min $5 applies. Intro APR offer: Get a 0% intro APR for 21 months on eligible 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 APR will be 17.74% - 28.49%. ...

What is a 0% APR balance transfer?

A 0% APR balance transfer is a great way to pay down the principal on your credit card debt, saving you hundreds of dollars in interest. We found that the longest 0% APR balance transfer offer is 21 months, so you won’t pay interest until 2026. The best cards for balance transfer offer an average savings of more than $1,000 over the intro period. ...

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. ...

What is the intro APR on a balance transfer?

Intro APR offer: Get a 0% intro APR on balance transfers for 18 months. After that, the standard variable APR will be 18.74% - 28.74%, based on creditworthiness. An intro balance transfer fee of either $5 or 3%, whichever is greater, applies to transfers completed within the first 4 months of account opening. ...

How much does a 0% APR credit card cost?

If you get a 0% APR credit card for the balance transfer offer, you can expect to pay an upfront fee of 3% to 5% of the transfer amount which will be added to your balance and eat into your savings. Some credit union credit cards offer balance transfers with no balance transfer fees, but their 0% intro APRs are often for shorter terms. ...

What is a 0% APR & a variable Apr?

New cardholders receive a 0% intro APR for 15 billing cycles on purchases and on any balance transfers made within 60 days of account opening APR, followed by a 19.24% - 29.24% Variable APR. You'll pay a balance transfer fee of 3% for 60 days from account opening, then 4% per transaction. ...