The 0% Balance Transfer, Used Properly
Moving $8,600 to an 18-month 0% card saves $1,902, but only at $492 a month. At the minimum payment the same transfer leaves $6,157 sitting there when the rate reverts to 24.99%.
- $492
- Monthly payment the window requires
- $1,902
- Saved against doing nothing
- 6 weeks
- Interest the 3% fee replaces
Alex Hales