July 6th, 2015 at 10:35 am. The difference I can see between market research is the difference between knowledge and wisdom. One might have plenty of knowledge from innumerous resources but to act upon a situation, itâs all the wisdom (processed knowledge) that really helps.
Check the time limit for completing the transfer. If youâre opening a new credit card account to take advantage of a 0% introductory APR on balance transfers, the terms will require you to complete the balance transfer within a certain number of days of opening your account to receive the 0% rate.
Let's use the above example, but with a 4% balance transfer fee. In this case, you will repay a total of $2,600 (the $2,500 + $100 balance transfer fee). After six months of paying $250, your balance is down to $1,000. Now your interest rate rises, and it will take you another five months to pay off your credit card.any credit cards will allow you to transfer a balance and then charge you no interest on the balance for set period of time, usually between six months and 18 months. A balance transfer can save you money because you aren't paying regular interest charges.