Treating 0% intro APR cards like free money is a common mistake. Here's how to use balance transfer cards the right way, and ...

A balance transfer is a good way to eliminate existing credit card debt over a set number of months, usually at a lower interest rate. After completing your balance transfer, have a plan in place to ...

Balance transfer credit cards can help save on interest if you pay off all or most of your balance before the introductory period ends. Some people run into trouble by missing payments, making only ...

Inflation is up, interest rates are high and Americans' budgets are getting tighter. The balance transfer offers on credit cards can look like an attractive option for those carrying balances on their ...

Of the debt held by the major credit card issuers, 82% of that amount is revolving — that is, carried over from month to month — according to the 2023 Consumer Credit Card Report from the Consumer ...

If you’re using a balance transfer, you should prioritize paying off the balance before the introductory APR period ends. If you’re unable to pay off the entire balance, you can still save on interest ...

A friend of mine almost didn't do a balance transfer because of the $300 fee. He was nervous about paying that much up front -- totally fair. But once he ran the numbers and saw he'd save over $1,400 ...

"Less ideal debt" is for buying an asset that drops in value, like a car loan, or has a high interest rate, like credit cards. "Necessary debt" is used to buy an asset that can rise in value, like a ...

If you’re drowning in credit card debt, transferring your balance to a card with lower interest might sound like a lifesaver. But before you jump in, you’re probably wondering: “Do balance transfers ...

Robin has worked as a credit cards, editor and spokesperson for over a decade. Prior to Forbes Advisor, she also covered credit cards and related content for other national web publications including ...

Inflation is up, interest rates are high and Americans' budgets are getting tighter. The balance transfer offers on credit cards can look like an attractive option for those carrying balances on their ...