Cut Debt Faster Balance Transfer Intro APR Revealed

Potential Pitfalls to Avoid

While balance transfer offers can be highly beneficial, they are not without potential drawbacks. Failing to pay off the balance before the introductory period ends can lead to high interest rates on the remaining balance. Additionally, opening a new credit account can temporarily impact your credit score. It's essential to read the fine print and ensure that you can meet the payment requirements within the promotional period⁴.