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Balance Transfer Cards For Bad CreditPosted on February 18, 2010. Is this a bad thing for transferring credit card balances over time? For example, say I get a promotion for one year 0% on balance transfers. During this year, I transfer the balance on the card, but do not put anything else on the card. I do more than the minimum payment each month. This is not necessarily a bad thing, but it's not really help repay your debts unless you spend on interest payments to avoid the scales. I spend less time worrying about interest rates and more time to reflect on ways to increase payments and get out of debt sooner. CommentsThere are no comments.Leave a Comment |