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What is balance transfer on a credit card?

What is balance transfer on a credit card?

Tuesday, March 21, 2017, 5:06 PM

Balance transfer means transferring your outstanding balance on your existing credit card, to a new credit card. You might have to pay a processing fee for this facility. Many credit card issuers do not charge any interest, for few months after balance transfer.This is usually around 6 months. This is an excellent time for you to get your finances in order.
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