Save Big with This 0 APR Balance Transfer Card

Considerations and Costs

While the benefits are clear, it's important to be aware of potential costs associated with balance transfer cards. Most cards charge a balance transfer fee, typically 3% to 5% of the amount transferred⁴. It's crucial to calculate whether the interest savings outweigh these fees. Furthermore, ensure you can pay off the transferred balance before the promotional period ends to avoid high interest rates on any remaining debt.