Important Questions to Consider Before Transferring Your Credit Card Balance

Should You Transfer a Credit Card Balance in 2024?

Balance transfers can be a great financial tool if they make sense. Here's how to know for sure.

Is the balance transfer fee worth paying?

If you've never transferred a credit card balance before, you might not have realized that it isn't free. Balance transfers typically come with a fee that ranges from 3% to 5% of the amount you transfer.

How fast can you pay off your debt?

Before using a 0% intro APR balance transfer offer, ensure you can afford to pay off the entire balance before the introductory period ends.

Could a personal loan be the better choice?

Consider whether using a personal loan might be more beneficial in managing your credit card debt.

Every financial situation is different, so weigh your options carefully to determine the best strategy for your financial well-being.