The fresh new connect try, you pay off of the equilibrium when you look at the 12-18 day introductory months otherwise face interest levels out-of 18%-24%.

Even after a balance import fee out-of 3%-5% for each harmony moved to the latest cards, it can still be the best way to pay you to definitely $15,000 debt and you may boost your credit rating meanwhile.

The financing restriction may possibly not be high enough for all your personal credit card debt, so if you do have more than one card, transfer new balances towards the highest interest rates.

Brand new gurus to help you move balance in order to a lower life expectancy-appeal cards are which you yourself can have one monthly payment having an excellent lower interest.