Include the transfer fee, promotional period, post-promotion rate, and required monthly payoff amount.
Why it matters
A 0% headline is useful only if the balance can be reduced before the promotion ends.
What to focus on
- Add the fee
- Know the end date
- Calculate the monthly target
ExampleA $5,000 transfer with a 3% fee starts at $5,150; paying it in 15 months requires about $344 monthly.
Put it into practice
- Read the offer terms
- Set a payoff calendar
- Stop new purchases on the card
Write down one decision and schedule a short review. Small, repeatable steps are easier to maintain than a one-time overhaul.
Educational information only. Money in Reach does not provide financial, investment, tax, insurance, credit, mortgage, or legal advice.