Incomist

As you probably know, many pros and cons exist when transferring your debt to 0% interest balance transfer credit cards.

But what the heck are they?

I mean, it seems like a no-brainer right?

You’ll pay no interest for a promotional period of time so 100% of your payment will go to the principal.

Sounds like a win to me.  And quite often it is a win.

But not always.

When you know all the pros and cons, you can accurately determine if transferring your debt to a balance transfer card makes sense for you.

With that in mind, I’ve put together a complete list of pros and cons below to help you decide if you should transfer your balance. [Read more…]

Are you struggling to pay your credit card debt?  And considering a balance transfer credit card to help you pay off your debt faster?

You’re not alone. In fact, the average American household owes $6,194 in credit card debt.

It may be tempting to transfer the balance on your credit cards to a no-interest balance transfer credit card. But should you?

Before you sign up for a new credit card, make sure you understand the ins-and-outs of these balance transfer cards.

[Read more…]