A balance transfer credit card allows you to transfer the debt balance from other credit cards onto a single card.
A 0% balance transfer credit card can be a valuable debt reduction tool. However, it can also be a trap. That’s not a contradiction. As with any tool, the key to making a 0% balance transfer card work ...
Sophie Venz is a former Deputy Editor at Forbes Advisor. She is an experienced editor and features reporter, and has previously worked in the small business and start-up reporting space. Previously ...
What Is a Balance Transfer Credit Card? Credit card debt can feel overwhelming when most of your monthly payment goes toward interest charges. A balance transfer credit card provides the opportunity ...
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The pros and cons of balance transfer credit cards
Balance transfers are a lesser-known and potentially underutilized aspect of some credit cards. They allow you to move debt from a high-interest card to another with a much lower annual percentage ...
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