Save money on credit card interest · If you transfer a balance from a high-interest credit card to a Discover Card with an introductory 0% APR balance transfer offer, you can use the money you save on interest charges to pay down your debt. Pay down your current credit card debt · When you consolidate all your higher-rate credit card debt--or other outstanding debts--with a Discover balance transfer offer, you end up with a single monthly payment and may reduce how much you pay in interest i...
A credit card issuer charges a balance transfer fee to transfer a balance from another creditor. Learn the pros and cons of balance transfers.
Vault’s Viewpoint on Balance Transfer Fees ; The majority of balance transfer credit cards charge balance transfer fees between 3% to 5% of the debt amount transferred. ; Balance transfer fees are added upfront to the debt amount moved to a new card, thus increasing the person’s debt load off the bat. ; Having ample time to pay down debt at 0% APR can make paying a balance transfer fee worth it despite the cost.
The best no balance transfer fee card · Wings Visa Platinum Card · 2.7/5 · SCORE · Annual Fee · $0 · Rewards Rate · N/A ; For service members and their families · Navy Federal Credit Union Platinum Credit Card · 3.0/5 · SCORE · Annual Fee · $0 · Rewards Rate · N/A
What is a balance transfer? · Who should do a balance transfer? · Who CAN do a balance transfer? · How to do a balance transfer · How much can you save with a balance transfer?
Balance transfer credit cards don't make debt go away, but they let users pay off debt with 0% APR. ; When considering a balance transfer, determine how much debt you need to transfer. ; Make sure to monitor your old accounts to make sure everything's been transferred correctly.
Written by India Davis and Garrett Yarbrough ; Edited by Nouri Zarrugh ; Reviewed by Beverly Harzog
benefits and disadvantages. You might not find many credit union cards with no balance transfer fees that also offer a lengthy 0 percent introductory APR, for example. In addition to...
A balance transfer with a 0% intro APR can save you hundreds or thousands of dollars in interest payments. In this article, we’ll explain what a balance transfer is, how they work and help you deci...
Annual Fee : $0, Regular APR : 17.74% – 27.74% Variable, Intro Bonus : N/A, Credit Score : Good – Excellent