Balance transfer - is it a good idea? : r/personalfinance - Reddit

Balance Transfer - Is It A Good Idea? : R/personalfinance - Reddit

1 week from now

Check for this. My guess your credit is sufficiently hosed that it'll be difficult to get a balance transfer. When I get balance transfer offers (never done this myself), It's 0% for a period but, …

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

1 week from now

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

1 week from now

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

1 week from now

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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Balance Transfers: Benefits, Drawbacks And Alternatives

1 week from now

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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Balance Transfers: Pros, Cons & Tips To Reduce Debt - MoneyGeek

1 week from now

Nov 8, 2024  · For example, you have a $5,000 balance on an 18.99% credit card, and you transferred it to a credit card that offers a 0% introductory APR for 18 months. With a 3% …

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

1 week from now

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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Balance Transfer Pros And Cons: A Comprehensive Guide

1 week from now

Jul 17, 2024  · 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. 17.74%, 24.24%, or 29.49% variable APR thereafter; balance transfers …

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The Pros And Cons Of Balance Transfer Credit Cards

1 week from now

Mar 26, 2024  · Bottom line. Balance transfer credit cards help you save money by allowing you to move debt from a high-interest credit card to one that charges as little as 0% APR for 12 …

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Are Balance Transfers A Good Idea? : R/personalfinance - Reddit

1 week from now

So if 5% is lower than the debt you're looking to balance transfer, it's worth doing, especially if you plan to pay it off prior to the end of the 0% APR. As you already noticed, they'll charge interest …

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Balance Transfer Good Idea? : R/personalfinance - Reddit

1 week from now

My goal this year is to become 100% debt free after last year caused a lot of issues to put me into this debt. Chase sent me an offer today for a balance transfer to my chase card (current …

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