Step-by-Step Guide to Paying Off Debt with Balance Transfer Cards in 2024
Step-by-Step Guide to Paying Off Debt with Balance Transfer Cards in 2024
A balance transfer could be your secret weapon to getting out of debt. It's essential to pay as much as you can toward your debt monthly. Learn how to calculate the time needed to pay off your debt and choose the right balance transfer card with a 0% intro APR. Find the longest balance transfer offer and tips on selecting the best card for your situation.
Key Steps to Save on Debt with Balance Transfer Cards:
- Calculate the time needed to pay off debt
- Find a card with a long-enough 0% intro APR
- Consider balance transfer fees and perks as tiebreakers
- Apply for the card and transfer over balances
Continue making payments on old cards until transfers are complete and avoid late fees. Work diligently to become debt-free before the intro APR ends to maximize savings.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.