Tired of paying high finance charges? When you only make the minimum payment on your credit card, most of your payment goes to finance charges, making it very hard to pay off your credit card. One way that you can save money in finance charges and in turn pay off your credit card faster is to get approved for Low Intro APR credit card and transfer the balance from your high interest credit cards and put them on a 0% Intro APR credit card. With a 0% Intro APR credit card you will not pay any finance charges for a specified amount time, saving you money and allowing all of your payment go to the principal balance.
For example, see the chart below for the potential savings if you transferred $3,000 Balance to a credit card with a 0% Intro APR for 12 Months.
|
Current APR |
New APR |
Duration |
1st Yr Savings |
|
16.9% |
0% |
12 Months |
$507 |
|
14.9% |
0% |
12 Months |
$447 |
|
12.9% |
0% |
12 Months |
$387 |
|
