* 0% APR is applied to up to $500 that is used for paying monthly payments or reducing card utilizations. The number of extra days to pay off varies from 14 to 45, depending on the due dates of connected cards. Larger credit amounts and rolling payoff terms require additional user qualification.
** Actual savings depend on user's card APRs. Placid credit line APR (which is the same as interest rate) for balance transfers is 12%.
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. $1,642 with Placid, which is 80.5% less. 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. $2,225 with Placid, which is 66.5% less.https://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx
† 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.
†† We top up your rewards account with 0.1% of the balance you have with Placid every time you pay your Placid Bill on time. You can use your rewards freely at any time, including using them to reduce your Placid Bill.
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