[Lifestyle] THE BEST BALANCE TRANSFER CREDIT CARDS OF 2020

[!meD]

When you have outstanding credit card debt, you’re essentially making two monthly payments. You must first pay the interest charges that have incurred on your average daily balance, and only then will the remainder of your payment apply toward your purchases.

But if you transfer your credit card balances to a new card with an interest-free balance transfer offer, all of your payments apply toward reducing your balance while the promotional financing offer applies. This allows you to eliminate the interest charges while speeding up the repayment of your debt—plus, it can save you some money in the process.