0% APR Balance Transfers Can Save Thousands In Interest, But Should You Really Apply?

0% APR Balance Transfers Can Save Thousands In Interest, But Should You Really Apply? If youre dealing with a high-APR credit card balance that’s costing you $50, $75 or even more than $100 a month in interest, a zero-interest balance transfer could eliminate these finance charges for a year or longer-saving you money and allowing to repay the debt faster. For example, a card like the Citi® Diamond Preferred® Card can offer a 0% intro APR for 21-months on balance transfers from date of first transfer and 0% intro APR for 12 months on new purchases, so you can pay off debt quickly and interest-free. (Regular APR is % – % Variable). Is a balance transfer right for you? If you’re in a good financial place (for example, you have a stable job, a good credit score and your credit card balances are modest, not maxed out), transferring a high-APR balance so you can save money and pay it off faster is smart. If, however, most of your credit cards are maxed out or your credit score has suffered from making late payments, you’ll be better off looking at other options. Kristina MurrayKristina Murray extensive work experience that varies from programming to PR, I have come to learn that my passion is in digital transformations, digital business development and digital strategy. The analysis of data to improve an online position for any company is what drives me. – Digital Business Development / Strategy – Social networking strategy. – Digital advertising – E-Comercio

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