Using 0% Balance Offers to Pay Down Debt

Chances are you’re receiving weekly offers for credit cards, some with 0% balance offers. While that can be a good deal if you’re carrying a balance at a higher rate, there are some things to be aware of. Here is what you’ll need to look out for in the fine print: Is there a balance transfer fee? Many cards charge a fee for transferring your balance to their card. While some are a fixed amount, some are a percentage of the balance. If you’re transferring a large balance and the card issuer is charging a percentage of that balance as … Continue reading