Why a Low Interest Balance Transfer Credit Card is Perfect for Your Financial Plan

Why a Low Interest Balance Transfer Credit Card is Perfect for Your Financial Plan

As you put together your personal financial plan, it's important to consider how your debt will be incurred, how it will be paid off, and how you will reduce the amount of interest that you will have to pay. In this article, you'll see how a low interest balance transfer credit card can be an asset to your financial plan.

Most people have a financial plan that looks like this:

Step 1: Pay for something with a regular credit card.

Step 2: Let that debt sit on the credit card for a while.

Step 3: Allow high interest to stack up on that debt.

Step 4: Experience financial trouble as a result.

But here is a superior plan and you'll see how a low interest balance transfer credit card will help:

Step 1: Pay for something with a regular credit card.

Step 2: Transfer that amount to a low interest balance transfer credit card so that you pay lower interest on each purchase than if the debt remained on your regular card.

Step 3: Some interest might be added but a low interest credit cards won't add much.

Step 4: Pay it off quickly and easily!

See what a difference your low interest balance transfer credit card made? It could save you hundreds or even thousands of dollars every month on interest!

So, here's what to do: Apply for a low interest balance transfer credit card and make it part of your debt flow. Immediately after purchasing something with your regular credit card, move that debt to your low interest balance transfer credit card to pay it off.

You might also consider making your regular credit card a low interest credit card, and you might even shop around to find a balance transfer credit card with 0% interest on transferred balances. It's worth looking around for because that could save you even more money.

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