A credit card balance transfer is a smart way to transfer debt. If you transfer a debt that currently has a 19 percent APR to a card with a 0 percent APR for 12 months, you have a year to pay off your debt without the extra interest.
This plan isn’t without it flaws, but if done right, you can save some real money. Here are 3 balance transfer cards for you to consider:
- Slate from Chase: No interest on balance transfers or new purchases for 15 months.
- Discover it: This card has no annual fee.
- Capital One QuicksilverOne Rewards: There is no transfer fee at any time.