How Credit Card Balance Transfers Work - Investopedia
https://www.investopedia.com/credit-cards/balance-transfer-credit-card/
What to Look For in A Balance Transfer CardPotential PitfallsWhere to LookHow to Do A Credit Card Balance TransferRequesting The TransferBeware The Grace PeriodTransfers to Existing CardsPersonal Loan ComparisonThe Bottom LineBalance transfers can save money. Say you have a $5,000 balance on a credit card with a 20% annual percentage rate (APR). At that rate, carrying that balance and paying $250 a month would require 24 months to pay off and cost $1,134 in interest. After securing a 12-month 0% balance transfer on a new credit card and …See more on investopedia.comExplore furtherWhat Are the Pros and Cons of
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