Slash Your Debt Now Balance Transfer Credit Card Magic

Key Considerations Before Transferring Balances

While the allure of 0% APR is strong, it's crucial to consider the balance transfer fees, which typically range from 3% to 5% of the transferred amount. For a $5,000 transfer, this could mean a fee of $150 to $250, which should be weighed against the potential interest savings³. It's also important to understand the terms of the introductory period and what the interest rate will revert to once it expires. Ensuring you can pay off the balance within the promotional period is key to maximizing the benefits.