Slash Your Debt Now Balance Transfer Credit Card Magic
The Financial Benefits of Balance Transfers
The primary advantage of a balance transfer credit card is the potential savings on interest payments. For example, if you have a $5,000 balance on a card with a 20% APR, transferring it to a card with a 0% introductory APR for 18 months could save you nearly $1,500 in interest if you manage to pay it off within the promotional period2. Additionally, consolidating multiple debts into one payment can simplify your financial management, reducing the risk of missed payments and further fees.