If you’re currently carrying a balance and watching interest charges eat away at your progress, many advisors recommend moving your debt to a 0% intro APR credit card, but there is a problem... What They Don't Tell You.. Although paying zero interest for 12 to 24 months would be a great advantage in getting out of debt, transferring your credit card debt from a high-interest card to a zero-interest card isn't free. Zero-interest credit card companies typically charge from 3 to 5 percent for the privilege of transferring your debt. So let's look at the numbers for a minute. Let's suppose you have $10,000 of debt on a card charging 24% annual interest. That means that every year you are … [Read more...]