Home Personal Finance 6 mistakes that will turn a balance transfer into a nightmare

6 mistakes that will turn a balance transfer into a nightmare

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Pitfalls to avoid when doing a balance transfer to a 0% card.  Know all the terms.  Put important dates on your calendar, such as when the 0% intro rate ends.

Also, most cards will put new charges below the balance transfer in priority, meaning your 0% balance gets paid off first before the 15-25% balances.

Your balance transfer credit card is a golden opportunity to get out of debt. Avoid these mistakes and you’re on your way to a debt-free life.