The current economic climate has, to some extent, killed off the truly excellent balance transfer offers out there. If you can even find a 0% balance transfer offer, it is likely to have small print saying you will be charged a one-time transaction fee, typically for 3% or more of the balance. So transferring that $4,000 in debt to a new card would instantly
cost you $120. Plus, the balance transfer APR is likely to skyrocket after the promotional period expires. If your current APR is 6.24%, it may just be better to pay that thing off as swiftly as possible -- avoid paying a 3% balance transfer transaction fee, and avoid the hassle of transitioning to a new card.
Still, if a credit card issuer makes you a transfer offer you can't refuse and there is no scary fine print about one-time fees, consider taking advantage of it.
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