Ask Terry Questions No interest credit card ending

No interest credit card ending

By Terry Savage on October 23, 2023 | Credit/Debt

Hello – I opened a no interest credit card to pay a large dental bill. There is a $7k balance & the no interest is ending in a couple months. Interest becomes 16.49% . Do I balance transfer with a 3 to 4% fee to another account or open a new account to balance transfer? Any other options? Thank you!

Terry Says

You’re lucky if it ONLY jumps to 16.4%. Many cards are now charging 20% when the no-interest period ends on a balance transfer. Your best solution is to figure out a way to pay off that balance asap — before it jumps even higher. Then next transfer — if you can find one at — won’t be so easy or have such a low rate!



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