That’s an excellent idea since most general credit cards will offer lower interest rates. The majority of credit cards allow balance transfers, but some charge a transfer fee of around 3%. Also, many cards will offer an introductory 0% APR for balance transfers. It shouldn’t be too hard to find a card that doesn’t charge a transfer fee and will give you a 0% APR for the first few months.
BALANCE TRANSFER CREDIT CARDS:
Intro APR on Balance Transfer: 0% (18 months)
Ongoing APR on Balance Transfer: See terms
Balance Transfer Fee: 3%
Excellent, Good Credit
Intro APR on Balance Transfer: 0%* 21 months on Balance Transfers*
Ongoing APR on Balance Transfer: 16.24% - 26.24%* (Variable)
Balance Transfer Fee: 5% of each balance transfer; $5 minimum.
Excellent, Good Credit
Intro APR on Balance Transfer: 0% 18 months on Balance Transfers*
Ongoing APR on Balance Transfer: 15.74% - 25.74%* (Variable)
Balance Transfer Fee: 3% of each balance transfer; $5 minimum.
Excellent, Good Credit
