Balance-transfer credit cards with 0% introductory APR offers can be powerful tools to start paying off your credit card debt.
In fact, cardholders taking advantage of 0% introductory APR offers can expect 12 to 21 months of reprieve from interest charges. On the high end, that’s a savings of $825 on a $5,000 balance paid off over 21 months at an 18% APR. Most cardholders stand to save even more than, given that average household credit card debt for those carrying balances reached a sky-high level of $16,048 in 2016.
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