Paying too much in credit card interest every month? Feel like there’s no way you’ll ever get your credit cards paid off?
One of the best ways to save money on credit card interest and pay down your balance at the same time is to transfer the balance on one or more credit cards to a new credit card with a 0% introductory interest rate.
These 0% Balance Transfer offers typically allow you to carry the balance for anywhere from twelve to eighteen months, giving you the opportunity to pay off your balance! Depending on how much you owe, you could save hundreds or even thousands of dollars in interest charges! (There will likely be a small balance transfer fee, but most of the time, the fee is small enough that it still makes sense to transfer your balances to the new credit card and save!)
In order to qualify for the best balance transfer offers, you’ll need a Good to Excellent Credit Score, but there are some companies that work with those with less than perfect credit, so make sure you review all of the options you have for your credit score.