Is it possible for affluent individuals to be turned down for a 0% APR credit card

When a credit card offers a 0% rate, it is usually a very short term teaser rate, but no, affluent people are generally low credit risk, with high FICO scores and unlikely to be turned down.

Is it worth doing a 0% balance transfer?

But in general, a balance transfer is the most valuable choice if you need months to pay off high-interest debt and have good enough credit to qualify for a card with a 0% introductory APR on balance transfers. Such a card could save you plenty on interest, giving you an edge when paying off your balances.

How do you get a 0 percent balance transfer offer?

To get the 0% and fee, you must usually do the balance transfer within 60/90 days of opening. You can’t balance-transfer between cards from the same bank/group. ｜Representative APR (variable) after the 0% period is stated above – your balance transfer interest may be different.

Do balance transfers hurt your credit?

Balance transfers won’t hurt your credit score directly, but applying for a new card could affect your credit in both good and bad ways. As the cornerstone of a debt-reduction plan, a balance transfer can be a very smart move in the long-term.