NEWSLETTERS
A balance transfer credit card allows cardholders to move existing high-interest debt from one or more credit cards to a new card, often with a lower interest rate or an introductory 0% APR period. This can help borrowers save on interest and pay down debt faster. Many balance transfer cards offer promotional periods ranging from 6 to 21 months, during which no interest is charged on transferred balances. However, most issuers charge a balance transfer fee, typically between 3% and 5% of the transferred amount. To maximize savings, it's crucial to pay off the balance before the promotional period ends and to avoid new debt accumulation.