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Moving $15,000 debt to a 0% intro APR card can save nearly $6,000 in interest over time.

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23 Aug 2026
Fool - Investing News
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Carrying a $15,000 credit card balance at an average 21% APR can cost over $6,400 in interest and take 43 months to pay off. Transferring this balance to a 0% intro APR credit card pauses interest for 12 to 21 months, allowing payments to go fully toward the principal. Despite a one-time balance transfer fee of 3% to 5%, this strategy can save almost $6,000 in interest. Top recommended cards include the Citi® Diamond Preferred® Card with 21 months 0% APR on balance transfers and a low 3% fee, and the Wells Fargo Reflect® Card offering 21 months 0% APR on both purchases and balance transfers with a 5% fee. To maximize benefits, pay off the balance within the intro period and avoid new charges on the card.

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