If you have debt on an Apple Card, though, you might not have this option. They can whittle this debt down without worrying about it growing because of interest. This can be a good strategy for cardholders who are ready to pay off their credit card debt. If you haven’t paid off your debt by then, whatever is left will now carry that higher interest rate, a rate that could range from 15% to 21% or higher. After that offer ends, your card’s interest rate will adjust to its normal one. The goal is to pay off that debt before your new card’s 0% interest offer expires. If you’re approved, you’d then transfer your high-interest-rate debt to your new card. See related: What is a balance transfer and how does it work? You’d apply for a new credit card that offers an introductory 0% interest rate for a certain period of months, usually six to 18. Say you have $5,000 in credit card debt on a card with 19% interest. Many cardholders rely on balance transfer offers to gain control over their credit card debt. Alternative ways to pay off your Apple Card debtĬan you transfer a balance from the Apple Card to another card?.Can you transfer a balance from another credit card to your Apple card?. Can you transfer a balance from the Apple Card to another card?.Apple card balance transfers: Things to know
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