If you have a decent amount of debt on your business credit card on which the interest rate is killing you, you might be pondering about transferring the debt to a new card that delivers a lower introductory interest rate. Ahead of doing that, however, there are a couple of issues to think about. You ought to contemplate regardless of whether a zero APR is the very best option, regardless of whether the “real” APR when it kicks in is reduce than your original, and the quantity of occasions you will need to do a balance transfer. Every of these can have an effect on your interest rate as opposed to principal, or on your credit score.
Business Credit Cards Balance Transfer. As a lot more of us struggle to pay off high interest debt, % or low rate balance transfers are coming to the rescue. Or are they? Balance transfers can be genuinely handy, supplied you’re conscious of some of their shortcomings. Right here is our list of the prime 7 items you need to have to know when contemplating a balance transfer.