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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 ...
The most important reason to pursue a balance transfer credit card is to take advantage of a low or 0 percent introductory APR offer. By transferring your debt to this new card, you start saving ...
A balance transfer credit card can offer you many months to pay off high-interest debt in the form of a 0% introductory APR. But when that balance transfer period ends, interest charges are added ...
Balance transfer cards allow you to move a credit card balance that may be subject to a high APR to a new account that features an introductory 0 percent APR offer. However, it’s important to ...
A credit card balance transfer is the transfer of the outstanding debt (the balance) in a credit card account to an account held at another credit card company. [1] This process is encouraged by most credit card issuers as a means to attract customers. The new bank/card issuer makes this arrangement attractive to consumers by offering incentives.
Length of the intro APR offer. Many balance transfer cards offer zero interest for a year or more. The longer this temporary interest-free window lasts, the longer you can avoid costly credit card ...
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