Question

which of these credit features would be best for consumers who want to pay off a high-interest loan?

Answer 1

long grace period
no fees for cash advances
low fees for balance transfers
an annual fee that can be waived

Answer 2

low fees for balance transfers

Answer 3

Grace Period - Foolish Idea. Use only when desperate. Absolutely does NOT help pay off.

No Fees - Foolish Idea - Encourages usage and increases debt.

Balance Transfer Fees - Tough call. This may be beneficial if one can transfer to a lower interest rate contract.

Waiving Annual Fee - Well, i guess that helps, but it is likely quite tiny compared to the actual mass of debt.

My views. I welcome others'.