* Actual savings depend on user's card APRs. Placid credit line APR (which is the same as interest rate) for balance transfers is 14%.
If user's APR is 34%, total balance is $10,000 and fixed monthly payments are $384, user's interest expense until full payoff would be $8,401 vs. $1,990 with Placid. If user's APR is 24%, total balance is $10,000 and fixed monthly payments are $300, user's interest expense until full payoff would be $6,644 vs. $2,737 with Placid.https://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx
† We top up your rewards account with points every time you pay your Placid Bill on time. You can use your rewards freely at any time, including using them to reduce your balance with Placid.
†† Credit score stability/improvement is not guaranteed. Credit scores are independently determined by credit bureaus, and on-time payment history is only one of many factors that such bureaus consider. Your credit score may be negatively impacted by other financial decisions you make, or by activities or services you engage in with other financial services organizations.
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