- 1). Watch your mail for 0% introductory rate offers. Read the fine print. Your best choice would be one with no balance transfer fees. Complete the application when it arrives, mail it off, and wait for the card to arrive in the mail.
- 2). Complete the balance transfer form, or write a balance transfer check to your high interest credit card. Close the high interest account if you wish.
- 3). Write the expiration date of the 0% interest offer on your calendar. Once that introductory rate expires, the interest rate will revert to its normal level.
- 4). Pay as much of the balance as you can before the 0% interest rate expires. If you are able to pay off the card you will have eliminated your interest payments. If there is still a balance remaining when the 0% rate expires, look for another 0% rate card and start the process over again.
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