Balance Transfer Break-Even: When The Fee Is Worth Paying
Calculate whether a balance transfer fee pays off by comparing it with the interest you would pay on your current card during the promotional period.
Calculate whether a balance transfer fee pays off by comparing it with the interest you would pay on your current card during the promotional period.
The difference between the statement balance and the current balance on a credit card, which one avoids interest and how timing affects your credit score.
Work out how many months it will take to clear a credit card balance at different payments, and see how much interest each plan costs.