Pros and cons of balance transfers

What are the advantages and disadvantages of a balance transfer? On the surface, the decision to shift existing and expensive debt to a new balance transfer credit card can seem easy. After all, the majority of these products will not charge any interest on the transferred amount for a specified number of months, and many… Continue reading Pros and cons of balance transfers

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How to do a balance transfer

If you are carrying debt on a high-interest credit card, a balance transfer is one way to reduce your costs. Balance transfer cards may charge a lower APR which can, in turn, lower your monthly payments and help you get out of debt faster. Completing a balance transfer is a relatively easy process, but you’ll… Continue reading How to do a balance transfer

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What is a balance transfer?

A balance transfer is a feature of some credit cards that allows you to move a balance from one credit card to another. This is commonly done to take advantage of a lower interest rate, but people may also transfer balances to consolidate debt and make it easier to manage payments. If you have a… Continue reading What is a balance transfer?

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Balance transfer credit cards 2022 comparisons

Do you know how to choose a balance transfer credit card? Do you know the best way to use it to maximize your benefits? CardRatings compares 27 cards side-by-side and explains the pitfalls and best practices you need to know.

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