Credit Card Transfer - Balance Transfer- Can It Get You Our Of Debt?
The offers are tempting: 0% for six months or 4.99% for 12 months on balance transfers. Sure, you can cut your rate and pay your balance down faster. But, like everything else in life, do your homework.
Banks are in the business of making money, and the only way they do this is by reeling in interest from customers each month. They can require just about anything in their credit card terms. So its up to you, the wise consumer, to find out exactly what that catch may be – if any.