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Balance transfer bad ideas: Avoid these 6 scenarios. But be forewarned: Just because you can apply and get approved for a balance transfer credit card doesn’t mean this is a good strategy for you.
You can capitalize on the perks of a new card. The best balance transfer credit card you choose could offer more than a 0 percent intro balance transfer APR. It may also offer better overall ...
Almost all balance transfer credit cards charge a balance transfer fee, usually between 3 percent and 5 percent of the balance. Therefore, on a balance of $8,000, your balance transfer fee could ...
Many balance transfer cards put a time limit on qualifying balance transfers. For example, the 0% intro APR may only apply to balance transfers made in the first 60 or 120 days.
Before pursuing a balance transfer credit card or transferring a balance, carefully assess your financial situation — including your ability to repay and qualify for the new card. While the 0 ...
Balance transfer credit cards typically have a promotional APR that lowers your interest rate for a set amount of time, and in turn, lowers your monthly payments. Some cards offer 0% interest for ...
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