I dislike debt. I loathe paying interest.
I recently managed to lower the interest rate on our home mortgage.
With a lower rate, more of our monthly payment goes towards principal reduction and eliminating our mortgage.
When were digging our way out of credit card debt, we used a zero percent balance transfer to reduce the interest rate on a portion of our credit card debt.
Discover recently launched their new Discover it card.
The card has several features – including 5% cash back across rotating categories – but the feature that caught my attention is -
Discover charges a 3% fee on all balance transfers and transfers must be made before 04/10/13. Click on the link above for full terms and conditions.
A balance transfer, from a higher rate card to a lower rate card, was useful for us. We worked hard and made sure that we paid off our transferred balance, in full, before the 0% promotional rate ended.
Click here to view the Discover it™ – 18 Month Balance Transfer application for all of the terms and conditions.
Run the numbers and see if this card will fit your financial situation. If you think so, click the image below to apply -