🔄 Balance Transfer Credit Cards: Hitting Reset on Debt

Introduction

Carrying a balance on a high-interest credit card? A balance transfer card can give you breathing room with 0% intro APR offers.

Explainer: What Is a Balance Transfer Card?

These are credit cards that let you move existing debt from one card to another, often with a 0% introductory APR for 12–21 months.

• Pay down debt interest-free during promo period
• Typically charges a transfer fee (3–5%)
• Requires good to excellent credit

Comparison: Balance Transfer vs. Personal Loan

• Balance Transfer: Flexible repayment, limited to promo period, best for short-term payoff
• Personal Loan: Fixed repayment schedule, best for larger or longer-term debt

Guide: How to Get Started

Check your credit score (usually 670+ needed)

Compare intro APR periods and fees

Apply and transfer balances soon after approval

Pay aggressively during promo period

Trends: Balance Transfers in 2025

• Longer 0% APR periods (up to 21 months)
• Rising demand due to credit card debt hitting record highs
• More fintech-issued balance transfer products

Lifestyle Connection

A balance transfer card is like pressing the “pause button” on interest, helping you pay off debt faster and regain control.