Numerous charge cards will offer you a 0% introductory APR period on acquisitions and transfers of balance for 12 to 15 months. Supplied you make at least the minimal payments on time, you won’t be charged interest when it comes to time that is whole, after which it the interest price will return towards the regular purchase or stability transfer APR, that may probably consist of 14 to 26% according to your creditworthiness. You may even need certainly to spend a portion on any stability you likely transfer between 3 and 5%.
These credit cards are helpful for transferring debt from high-interest cards and saving interest if the math works out in your favor.“If you are interested in something to bridge you for the following 6 months, the lines of credit on these cards may be around $10,000 to begin,” claims Farnoosh Torabi, finance journalist and host for the “So Money” podcast.
