Exito Managment Group

If you're struggling with high interest 📈 credit card debt, one option is transferring that debt to a card with 0% interest for a set number of months—a balance transfer.🔁 This can give you a breather from accumulating interest, allowing you to focus on paying down the principal faster. I’ve done them myself and they can be a gamechanger.

Typically, balance transfers charge you a percentage of the debt transferred—often around 3% to 5%. While this upfront transfer fee may seem like an added expense, it could be significantly less than the amount you’d pay in interest at your current higher rate. Always calculate the potential savings against any fees to ensure a balance transfer truly benefits your financial situation. 💸

Paying $500 to save $200 in interest doesn’t make much sense, but paying a $500 bt fee to save $1000 interest could be a good option if you know you’ll complete payments by the end of the 0% period.

Here are some options, sorted by length of 0% period:

💳 Citi® Diamond Preferred® Card: 0% Intro APR for 21 months; Fee: There is a balance transfer fee of $5 or 5% of the amount of the transfer, whichever is greater.

💳 Wells Fargo Reflect Card: 0% Intro APR for 21 months; Fee: 5% for each balance transfer, with a minimum of $5.

💳 U.S. BANK VISA® PLATINUM CARD: 0% Intro APR for 18 months; Fee: 3% of each transfer amount, $5 minimum

💳 Citi DoubleCash Card: 0% Intro APR for 18 months; Fee: 3% of each transfer (minimum $5) within the first 4 months, then 5%

💳 BankAmericard: 0% Intro APR for 18 months; Fee: 3% Intro balance transfer fee for the first 2 months, then 4%.

As always, DMs are open if you have questions. 📨

If you're struggling with high interest 📈 credit card debt, one option is transferring that debt to a card with 0% interest for a set number of month

Every wondered how much your credit could cost you? 🤔
When shopping for a car, it could be tens of thousands in extra interest payments 💸😲

On the average car 🚗 purchase $45,000, the difference between a 500 credit score and 781 score is $11,000. For a used car, it could be as much as $17,000. 😱

That’s 17,000 reasons to check 🔍your credit before you hit the market.

At EXITO - we help you build 🛠️your credit so you can save when you head to the dealer. 🤝

Happy Financial Literacy Month 💸 It's never too late to start building good money habits. Here are 5 to kick off your credit building 🥊

Do you have credit freedom? 🤔

If not, or if you want to learn more, we’re here to help! 🫶

Happy Independence Day to you and your family 🇺🇸

3 ways to improve your payment history 📈

Your payment history makes up 35% of your credit score so use these tips to protect yours 🔐

1. Pay your bills on time
2. Set up autopay so you don’t miss a payment
3. Check your credit report regularly & dispute errors