How Does A 0% Balance Transfer Work?
How Does a 0% Balance Transfer WorkAnswer: When you make a 0% balance transfer, the balance you transfer does not receive any interest charges until the 0% promotional offer expires. For example, if your balance transfer has a 0% interest rate for six months, you won’t pay interest on your balance transfer for six months. Once the 0% balance transfer ends, the regular balance transfer interest rate will go into effect. Don’t Lose Your 0% Balance Transfer You may forfeit your 0% balance transfer offer if you make a late payment, have a payment returned, or exceed your credit limit during the promotional period. If that happens you will trigger the default rate on the credit card balance. You may not get the full benefit of 0% balance transfer if you transfer to a credit card that already has a balance or make purchases on your credit card. That’s because your above-minimum payments will be applied to the credit card balance w
