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Review:

Balance Transfer Credit Cards

overall review score: 4.2
score is between 0 and 5
Balance transfer credit cards are credit cards that allow you to transfer existing credit card debt to a new card with a lower interest rate or promotional period.

Key Features

  • Low introductory APR
  • No balance transfer fees
  • Rewards programs
  • Credit score monitoring

Pros

  • Can save money on interest payments
  • Consolidate debt onto one card
  • Improve credit score by paying off debt faster

Cons

  • May require good credit score to qualify for the best offers
  • Introductory APR may increase after promotional period ends

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Last updated: Thu, Nov 21, 2024, 11:33:35 AM UTC