Numerous bank cards offer a 0% introductory APR period on purchases and transfers of balance for 12 to 15 months. Supplied you make at least the minimal payments on time, you wonвЂ™t be charged interest for the time that is whole, after which it the attention price will return towards the regular purchase or stability transfer APR, that may probably are priced between 14 to 26% dependent on your creditworthiness. You may even need certainly to pay a portion on any stability you transfer, probably between 3 and 5%.
In the event that mathematics calculates on your side, these bank cards are ideal for moving financial obligation from high-interest cards and saving interest.
For the next six months, the credit lines on these cards can be around $10,000 to start,вЂќ says Farnoosh Torabi, finance journalist and host of the вЂњSo MoneyвЂќ podcastвЂњIf you are looking for something to bridge you.