A 0% interest credit card can temporarily save you money on interest fees. That means during the promotional period, more of your monthly payment can go toward paying off your debt.
Many transfers carry a one-time transfer fee. Budgeting for the fee and repayments can help you figure out how much you could save on interest.
If you want to pay off your entire balance before a card’s 0% interest period is over, divide your balance by the number of promotional months and use that number as your monthly payment goal.
