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A balance transfer is when you move your balance from one credit card to another offering a lower or 0% annual percentage rate (APR) for a set period of time, usually six months to up to two years ...
3. Transfer the balance to the new credit card. While each credit card issuer’s balance transfer process is slightly different, it’s usually a simple process you can likely complete in a few ways:
Key takeaways. When you transfer a balance to a new card, the old card’s balance will read as $0 unless you have pending purchases or are unable to transfer the full amount.
While the best balance transfer credit cards offer a 0 percent intro APR on balance transfers for a year or more, not all balance transfer checks offer the same benefit. If your balance transfer ...
When you move a balance from one credit card to a balance transfer card, the first credit card remains open, but its balance drops to $0. When you consolidate credit card accounts, on the other ...
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