Balance transfers can be a strategic tool for reducing credit card debt, offering a way to save on interest payments by moving balances to a card with a lower rate. However, the decision to pay a ...

American consumers paid over $130 billion in credit card interest and fees in 2022, with balance transfer fees averaging 3% to 5% of the transferred amount while ongoing interest rates often exceed 20 ...

The average credit card APR now tops 21%, according to the Federal Reserve -- and that means hundreds or even thousands in interest if you're carrying a balance. That's why balance transfer cards can ...