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