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Erik J. Martin. November 27, 2024 at 3:01 PM. Key Takeaways. ... To be eligible for the best balance transfer credit card offers, you usually need to have good or excellent credit.
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.
How balance transfers work. Most credit card issuers offer a balance transfer program. Generally, they feature an introductory 0% APR on balance transfers that can last anywhere from six to 21 ...
Most balance transfer cards charge balance transfer fees of 3 percent to 5 percent of your balance. So, if you transfer $5,000 to a balance transfer card, you could pay an extra $150 to $250 in fees.
The best balance transfer credit cards offer up to 21 months without interest. After the intro period ends , whatever balance you have on the card will start accruing interest at the card’s ...
Understanding balance transfer credit cards. A balance transfer credit card is one that provides a 0 percent introductory APR on balance transfers, allowing you to move your existing credit card ...
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