Hello all,
I just grabbed a new credit card to take advantage of the 0% balance transfer and intro APR for 15 months to crush that debt emergency, and it got me wondering if I could do the same in chunks for my student loans. How would I calculate how much money it would save me to do something like that? Has anyone here done something similar? My student loans are ~24k at 6.25%. say I could afford to pay 500/mo on the loan with the minimum at 200 on the loan. I'm not sure if my idea is silly, common, or effective in any way... Thanks in advance for the help.
Edit: I just noticed the intro period typo and corrected it.