Paying off high interest rate credit cards #creditcard #credithacks #balancetransfer
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Summary
AI-generatedThis video discusses how to handle a high interest rate credit card, using a strategy called balance transfers. A balance transfer is when you have a promotional 0% interest rate on a credit card that allows you to transfer the balance from one credit card to another credit card. This way you only have to pay 1% towards the principle.
Key insights
A balance transfer strategy can help with high-interest credit card debt.
Tools & resources
Bank of America Cash Rewards Mastercardtool
Mentioned is the Bank of America Cash Rewards Mastercard, which can be used for balance transfers.
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial