I am currently working on eliminating all my credit card debt and my car loan, both total to about $12k. It’s not too bad but the interest rates on the credit cards, one at 21% and the other at 19%, are making things difficult.
I have thought about opening another card with a low or no interest balance transfer.
I feel it’s safe to assume that paying off the balance transfer in full before the promotion period ends should be the goal.
But I’m curious as to the potential pro’s and con’s of opening another card for the 0% interest on balance transfers.