I have about $17k in student loans outstanding that range between 2.1% interest for about $5k worth and 6.5% for about another $5k worth. (About $6k is at 5%.)
I have an excellent credit score and qualify for offers from credit cards with an intro 0% APR (and no transfer fee) on balance transfers for 15 months. Would it be worth moving those higher 6.5% loans to those no interest offer cards and paying them off more aggressively (and/or over a longer period if I can shift the balance to another credit card with a similar offer after the 15-month intro APR period) ?
As of right now I'm just paying the minimums due to high rent and decent but not huge income, i.e. to pay my loans off faster I'd have to cut into my fairly modest discretionary spending.
tl;dr Is a 0% balance transfer APR credit card a reasonable tool to help reduce interest paid on smallish but fairly high interest rate student loans?
Submitted March 14, 2017 at 07:22PM by borisRoosevelt http://ift.tt/2mXHs6T
