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  2. Need a New Year’s money makeover? A balance transfer ... - AOL

    www.aol.com/finance/money-makeover-balance...

    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.

  3. What is a 0% intro APR card? What to know about no ... - AOL

    www.aol.com/finance/intro-apr-cards-001631619.html

    A 0% intro APR credit card lets you avoid paying interest on purchases or balance transfers for up to 21 months. This can save you hundreds or thousands of dollars when financing large purchases ...

  4. Pros and cons of a balance transfer - AOL

    www.aol.com/finance/pros-cons-balance-transfer...

    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 ...

  5. Credit card balance transfer - Wikipedia

    en.wikipedia.org/wiki/Credit_card_balance_transfer

    The 0% rate promotion is the most common incentive when a new account is opened. Especially low rates compared to the existing supplier entice potential customers to transfer their debt. The card issuers gain new customers, knowing that these holders are prone to accruing debt rather than regularly paying off the balance, which makes them a ...

  6. What is a balance transfer — and is it a good idea for debt?

    www.aol.com/finance/balance-transfer-good-idea...

    If you transfer the balance from a card with a higher APR to a card with a lower rate, or even an introductory 0 percent APR period, you can save money on interest as you work to pay down the debt.

  7. Balance transfer - Wikipedia

    en.wikipedia.org/wiki/Balance_transfer

    A balance transfer is the transfer of (part of) the balance (either of money or credit) in an account to another account, often held at another institution. It is most commonly used when describing a credit card balance transfer .

  8. Credit card - Wikipedia

    en.wikipedia.org/wiki/Credit_card

    If the card issuer charges 15% on money lent to users, and it costs 5% to borrow the money to lend, and the balance sits with the cardholder for a year, the issuer earns 10% on the loan. This 10% difference is the "net interest spread" and the 5% is the "interest expense".

  9. 5 tips to stop wasting your money on credit card interest - AOL

    www.aol.com/finance/5-tips-stop-wasting-money...

    1. Consider a 0% APR offer. A balance transfer credit card offers a way to pay down high-interest debt within a 0 percent introductory period, helping you to consolidate and pay off what you owe ...

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