Personal Finance
What is a balance transfer?
Quick Answer
A balance transfer moves existing credit card debt to a new card offering 0% intro APR for 12–21 months. You pay a 3–5% transfer fee but save thousands in interest if you pay off the balance before the promo ends.
Warren Team
Updated April 26, 2026
34
Warren Team
Updated April 26, 2026
34
Important Disclaimer:
The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
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