Melissa Hart, senior lecturer in finance, shares expert advice and answers consumers’ top questions about Capital One and the balance transfer fee.
“My advice is actually two pieces. For anyone considering a balance transfer, it is incredibly important to read the fine print and develop a budget that will allow you to pay down the balance in a reasonable amount of time,” said Hart. “It is important to note that if you regularly move from card to card to capture the next introductory rate, this can have an adverse effect on your credit.”
Read more of what Hart had to share on WalletHub.
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