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A balance transfer is when you move credit card debt from a card with a high interest rate to one with a lower interest rate—or even a card that offers a 0% APR for an introductory period of time.
Keep in mind: Even if your balance transfer check offers a 0 percent introductory interest rate, that doesn’t mean the same promo APR applies to your purchases. Be sure to check specifically for ...
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 ...
Money tip: You can’t always transfer up to your full credit limit. Some issuers will cap the amount of your credit limit you can use for balance transfers. Let’s consider this example: Credit ...
Having a new card may entice you to charge even more, especially if your new balance transfer card also offers a 0 percent intro APR on purchases. “Without discipline and a plan, a balance ...
The balance transfer fee may also depend on when you make your balance transfers. Some cards charge an intro balance transfer fee of 3% for transfers made in the first 60 or 120 days. After that ...
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