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

RallyPoint News — Wed, 01 Feb 2023 13:54:54 -0500

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

SGT Private RallyPoint Member — Wed, 01 Feb 2023 14:11:29 -0500

thanks for the info.

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

SGT Private RallyPoint Member — Thu, 02 Feb 2023 12:46:07 -0500

Thanks for the info.

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

SFC Joe S. Davis Jr., MSM, DSL — Sun, 05 Feb 2023 10:33:58 -0500

thanks for sharing

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

SGT Ruben Lozada — Tue, 14 Feb 2023 16:11:24 -0500

Excellent post. Thank You for sharing this.

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

MSG Private RallyPoint Member — Tue, 14 Feb 2023 16:50:20 -0500

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.