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3.4. Making payments during the introductory period

The balance transfer interest rate is at its lowest during the introductory period, which means you should always aim to pay off your debt within this time. You can find a balance transfer offer that will help you achieve this goal by considering the following:

  • The total amount of debt you want to transfer
  • Any other charges, such as an annual fee or balance transfer fee
  • The length of the introductory period

Once you have these figures, divide the debt by the length of the introductory period to get a payment amount that fits.