A 0% APR balance transfer means that an existing balance may be transferred to that credit card without incurring any interest on the transferred amount for the stated length of the offer. A 0% APR balance transfer offer will always expire after a stated number of months—the average length of time on these offers is 12 months—so remember when your offer expires. That way, you'll be able to pay off the balance before interest begins to accrue.
That doesn't mean your balance transfer will be free for 12 months, however. Usually, these offers are paired with a balance transfer fee of 3% or more, which means you'll be charged a percentage of the transferred balance as a fee. Some cards, like Chase Slate, have intro balance transfer deals that combine a 0% APR period with no balance transfer fee, and in that case, the transfer will actually be free. But it's not all that common.
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