by 3 hours ago
ANSWERS: 4
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This used to be possible, but almost all balance transfer offers now charge a fee (around 3% of the transfer amount,) so this is really no longer feasible because the fees are prohibitive. However, it is possible -- and I would highly recommend -- to transfer your balance using a low-interest balance transfer offer and then, when that offer expires, look for another low-interest transfer offer and transfer the balance again. If you are careful about when you do the transfers, you can keep your effective annual percentage rate (APR) very low. When doing this, try to make the transfers between cards you already have - collecting a bunch of credit cards can look bad on a credit report, and it tends to encourage you to *use* them... If you don't recieve offers for low-interest balance transfers in the mail, call your credit card company and ask them for a deal -- if your credit is decent, they'll probably give you one. -
YES OR YOU CAN SPLIT THE DEBT, BY TRANSFERRING THE BIGGER DEBT INTO 2 OTHER CARDS FOR A SMALLER DEBT THAN THE BIGGER DEBT IS INTEREST FREE, AND IF YOU PAY OFF THE 2 SMALLER DEBTS, THEY'LL BE INTERESTS FREE. THE OBJECT IS TO CHARGE ON A HIGH INTEREST CARD, BUT TRANSFER THE DEBT INTO 2 SMALLER INTEREST CARDS, SO IF YOU LET ONE CARD SLIDE, YOUR ONLY PAYING FOR HALF THE PURCHASE AND A LOWER INTEREST RATE AND SAVING YOURSELF A BIG INTEREST ON THE HIGHER CARD. HAVE A NICE DAY. MIKE
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This is quiet possible only if you have a 0% interest for Balance transfers. It was not applicable in the past but is an essential charge associated with a majority of credit cards these days.
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Only if your the US government, and our children will pay the interest.
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