Balance Transfer Credit Card
Sooo long story short, during my wife's pregnancy, we found out that it will be a high risk pregnancy. as a result we decided that to go private and had to go through a couple of procedure to ensure that everything goes well. we had to use my wife's credit card to pay most of the procedure and at the same time bought new babies stuff. It was getting out of hand and now i realized i wont be able to pay 4000 dollar next month.
a friend of mine suggested to get a balance transfer credit card with 0% interest to get us some room to breath, while we get the baby settled and i can go back to 2 jobs lates. is this the right way to use a balance transfer credit card?
looking at the Bankwest Breeze Mastercard, it says "0% p.a. for 26 months on balance transfers with a 2% BT fee (Reverts to 12.99% thereafter)". does that meant if I dont make any repayments at all for 24 months, than i pay the whole 4K in month 25, i wont be charged interest at all? hell if i can pay it in full in month 11, i dont even have to pay for next years fee? is this logic correct?
considering that the debt is under my wife's credit card, is it possible to transfer it to my credit card? or does it have to be under her name?
Sorry for the stupid question, i was so super anti credit card, but it was an emergency and i had to go through the dark path and i am not sure where it leads.