So tell me, what do you think about Balance Transfers when it comes to credit cards?
I am asking because just the other day I got an offer in the mail. The offer is,
0% interest rate for one year. After that the interest will be anywhere from 18.99% to 21.99%.. For each balance transferred there will be a $10.00 charge or 3% of the balance whichever is greater.
There is no annual fee, no needing to keep the account open for a certain amount of time, no penalty for early pay off..Now, I have to check but, I am pretty sure my current credit cards all have higher interest rates than these.. If they do, would you make the move and transfer the balances?
I’d really like to know your opinions on this before I make any moves or not..
Thanks a bunch! 🙂