Struggling to make a dent in your credit card balance? Navy Federal breaks down how a balance transfer may benefit you.

2023-02-01T13:54:54-05:00

Considering a credit card balance transfer to rebound from your holiday shopping? Check out our guide on balance transfers, how they work, and how you may benefit. Insured by NCUA.

Response by SGT Private RallyPoint Member made Feb 1 at 2023 2:11 PM

2023-02-01T14:11:29-05:00

thanks for the info.

Response by SGT Private RallyPoint Member made Feb 2 at 2023 12:46 PM

2023-02-02T12:46:07-05:00

Thanks for the info.

Response by SFC Joe S. Davis Jr., MSM, DSL made Feb 5 at 2023 10:33 AM

2023-02-05T10:33:58-05:00

thanks for sharing

Response by SGT Ruben Lozada made Feb 14 at 2023 4:11 PM

2023-02-14T16:11:24-05:00

Excellent post. Thank You for sharing this.

Response by MSG Private RallyPoint Member made Feb 14 at 2023 4:50 PM

2023-02-14T16:50:20-05:00

How about not get into crazy credit card debt to begin with? Yeah you can do a balance transfer for a fee, which adds to more debt. Then you can pay the minimum payments (people always say they will do more but usually don't) and by the end of the year when your 0% or whatever low interest rate is up, you barely have a better overall balance than when the transfer took place. Guess who made money though? The bank.

Don't buy into these balance transfer offers or suggestions. They are not worth your time. NOTE: I am not a financial advisor and I am not providing financial advice. I am only expressing my opinion.