Hello Reddit,
I have a CapitalOne credit card with a purchase APR of 23.99%. My balance is currently $7,974.21, and I'm only making the minimum monthly payment because I am currently saving to move into a different rental. This will take me approximately 2 months. After I move, I plan to put as much of my income as possible into paying down this debt quickly.
A friend suggested that I should transfer the debt from my current credit card onto a new one with a lower interest rate, like 0% for the first year. Is this a wise move? And if so, how do I go about doing this? I cut up the credit card about a month ago so I am no longer using it, I just want to pay it off.
Submitted August 22, 2021 at 08:39AM by petrichorpits https://ift.tt/3y8HV79
