A balance transfer moves high-interest debt to another card, usually one with a 0% intro APR, so you save on interest while paying off debt.
You can take advantage of promotional interest rates to transfer a credit card's balance to a new credit card. Balance transfers give you the opportunity to pay down debt.
We've put together a list of the top balance transfer cards that can help you pay down debt without immediately accruing more interest.
A credit card balance transfer is the transfer of the outstanding debt (the balance) in a credit card account to an account held at another credit card company. This process is encouraged...
Balance transfers allow you to move credit card debt to a new lower-interest card. Find out how you could use one to clear your debt more quickly.
Learn how to do a balance transfer on a credit card and see if a balance transfer credit card offer is right for your current financial situation.
A credit card issuer charges a balance transfer fee to transfer a balance from another creditor. Learn the pros and cons of balance transfers.
Imagine you have $5,000, $10,000, or any other amount in credit card debt, and your current card charges a high variable APR. Moving that debt to a new credit card with 0% APR can help you avoid interest payments while you pay off the debt. Here's how. First, you'll want to choose a new card offer from the best balance transfer credit cards available today. Note that balance transfer offers tend to last for 12 to 21 months, and you have to pay balance transfer fees (typically 3% or 5% of the deb...
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...
Balance transfer credit cards can be helpful tools for zapping debt, but they aren't a cure-all and require you to avoid certain pitfalls.