What you need to know about credit card balance transfers


Posted at Sep 27 2019 03:37 PM

Want to lower your credit card debt? Try getting a credit card balance transfer. In a nutshell, a credit card balance transfer involves transferring your outstanding balance to a new credit card for a lower interest rate. You can either get a new card from the same bank or a different one.

It sounds simple, but it’s far more complicated. Don’t apply for a credit card balance transfer without knowing some specifics. Here are some things you need to get you started.

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