Balance transfer fees have crept up and now hover around 3%, but some cards are offering 12, 15 and even 18 months at 0% promotional rates. If you’re paying 15% interest on a debt now, it’s probably worth the transfer fee. Just make sure you’ll be able to pay off your transferred balance before the promotional period expires, because we’ve seen APRs of over 20% on some of these cards.
15 Financial Moves to Make Right Now
Transfer Outstanding Balances to a Credit Card with a Better Rate
Full List
Financial Moves to Make Now
- Refinance Your 30-Year Mortgage into a 15-Year Loan
- Buy Stock in Companies with More Cash than Debt
- Get Comfortable with Your Portfolio
- Buy Stocks with the Highest Credit Rating
- Open an Online Bank Account
- Apply for a New Credit Card (if You Have Great Credit)
- Buy Top Consumer Brand Stocks
- Transfer Outstanding Balances to a Credit Card with a Better Rate
- Buy Telecoms That Have Exclusive Deals with Apple
- Renovate Wisely
- Buy Oil Stocks
- Sign Up for Alerts
- Buy Residential Real Estate
- Sell (at Least Some of) Your Gold
- Buy Natural Gas Pipeline Stocks