I was scrolling Chase offers, and found a 0% offer for 21 months, and was able to get it for my highest APR (28.49%) and highest balance (6k) card.
I had already completed the orig9nal card's payment programs just to try and stop interest from accruing more, but after that ended, they had no other promos and interest was killing any payment I made.
This 0% balance transfer makes this feel manageable.
Found a 0% balance transfer card
byu/enjoytheshowX inCreditCards
Posted by enjoytheshowX
2 Comments
The interest rate isn’t the problem. The lack of a budget and emergency fund that led to carrying credit card debt is the problem. By all means, get a zero percent card to stop the bleeding, but also correct the underlying problem. If you are using credit cards right, the interest rate doesn’t matter.
Careful as well of the fee they charge you to take your balance. Usually floats at 3-5% when they give you 0% APR so sometimes it can be pretty hefty depending on your balance.