Quote:
Originally Posted by hboogz
So, if you were to have 3 different CC's with varying balances on them and varied APR's, all high --- in wouldn't be a good idea to Balance Transfer for 0% and pay that balance down ?
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Yes, this would save you interest if you paid in full before the promotional 0% ran out. If you miss a payment or can't pay in full within that time they will charge you for all the past interest, negating any savings you might have expected.
As people on this board will note, however, moving debt around isn't an effective way to get rid of it--you simply have to pay it off.