Moving high-interest debt to a 0% APR credit card through a balance transfer can save you hundreds or thousands in interest charges. Here's how the process works and what to expect.

Prerequisites

• Get a card with a 0% APR balance transfer offer
• Ensure the new card isn't from the same issuer as your current debt
• Check the balance transfer fee (typically 3-5%)
• Confirm there's no annual fee

Step 1: Request the Transfer You can initiate a balance transfer in two ways:

• Online: Log into your account and provide details about the debt (issuer name, amount, account information)
• Phone: Call your issuer with the same information

Some issuers also provide convenience checks that can be used for balance transfers.

Step 2: Wait for Processing

• Transfer completion typically takes 2+ weeks
• Continue making payments on your old card until the transfer is confirmed
• The issuer will post payment directly to your old account
• The transferred amount plus fee will appear on your new card

Step 3: Pay Off the Balance

• Make payments according to new card terms
• Take advantage of 0% APR promotional period
• Regular interest rates apply to remaining balance after promotion ends
• No retroactive interest charges apply
• Consider paying off the full balance during the promotional period to maximize savings

Important Note: While multiple balance transfers are possible, accumulated fees make this strategy expensive long-term. Focus on paying off the balance during the promotional period for optimal results.

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