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.
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.
Before you transfer a balance to a credit card with a lower interest rate, understand its effect on new purchases and other costly fine-print traps.
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...
Are you looking for a temporary break from APR? One of the balance transfer credit card offers available on Bankrate could help you pay down balances, improve your credit score and save on interest...
Take control of your finances and enjoy 0% interest on balance transfer fees with our Everyday Credit Card.
Annual Fee : $0, Regular APR : 17.74% – 27.74% Variable, Intro Bonus : N/A, Credit Score : Good – Excellent
A credit card issuer charges a balance transfer fee to transfer a balance from another creditor. Learn the pros and cons of balance transfers.
Key takeaways A balance transfer credit card is a type of card offering a 0 percent introductory APR period during which you can pay off your debt faster without interest. With a balance...
Learn how balance transfers work to move credit card debt to a new card with a 0% or low introductory interest rate and if a balance transfer is right for you.