Are 0% APR balance transfers to good to be true?

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

1 week from now

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

Balance Transfer With 0% APR - Worth It? : R/personalfinance - Reddit

1 week from now

Got an offer from our bank for a balance transfer with 0% APR for 15 months. We would be transferring around $9k to a card with $0. We will be able to pay it off in 6-9 months …

reddit.com

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

1 week from now

Whether to BT depends on how long it's going to take you to pay off without. At 23% APR, which is like 2% interest per month, if you BT with a 3% fee and 0% APR for several months, it …

reddit.com

R/personalfinance On Reddit: Is A 0% Balance Transfer Worth It In …

1 week from now

To quickly answer your question, I do not think transferring to a 0% APR credit card would work 100% in this situation. Your total credit card balance is $12,757 with interest rates around 24 …

reddit.com

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 …

nerdwallet.com

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

1 week from now

Sep 25, 2024  · APR: 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers, and then the ongoing APR of 17.49%, 23.99%, or 29.24% …

nerdwallet.com

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

1 week from now

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

Transferring Balance To A 0% APR Credit Card : R/personalfinance

1 week from now

It depends on how quickly you can pay off the $4,500 at the current rate. If you have an offer for a 5% transfer fee, that's $225 to transfer the whole amount. Right now, a $4,500 balance costs …

reddit.com

Balance Transfer Calculator: See How Much You Can Save In 2024

1 week from now

Having that long to pay off a balance transfer without interest can certainly make it easier to get out of debt. The card's regular APR is 18.74% - 29.49% (V), and there is a balance transfer …

wallethub.com

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 …

thepointsguy.com

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

1 week from now

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 …

bankrate.com

Better To Do Balance Transfer With 0% APR Or Debt ... - Reddit

1 week from now

Go with the solution with the lowest interest paid. Simplicity is worth $0 in your situation, compared to reducing your interest rate. Get out of this situation asap, *then* simply. 5% …

reddit.com

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

1 week from now

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

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 …

reddit.com

0% APR Credit Cards To Transfer Balance : R/personalfinance - Reddit

1 week from now

Citi custom cash card allows 0% interest for 15 months on balance transfers. They do charge 5% I believe though on the transfer. Citi Diamond Preferred is 0% for 21 months. It is still a 5% fee, …

reddit.com

Balance Transfer, 0% Intro APR, Looking For Guidance

1 week from now

I have an offer to transfer balances up to $11,700 to my existing Discover credit card. They are offering 0% intro APR for 12 months, then standard APR at 25.24%. There is a fee of 5% …

reddit.com

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

1 week from now

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), but you'll save a lot in interest …

reddit.com

Why Do 0% APR Cards & Balance Transfer Offers Really Exist?

1 week from now

That fee is pure profit for the bank. The more people use credit the more the bank makes. So they will give you 0% APR promos, cash back, points etc to incentivize you to keep using that card. …

reddit.com

Balance Transfer Card Vs Personal Loan (or Neither)? - Reddit

1 week from now

Balance transfer will give you 0% interest for 12-18 months but you may or may not be approved for $10k limit. At the end of the promotional period it'll revert to the standard rate and you …

reddit.com

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 …

reddit.com