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Best Balance Transfer Credit cards

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What is a balance transfer Credit card?

Balance transfer credit cards are used to move your outstanding debt from one card onto a new one, typically with lower interest rates. They are useful if you need more time to pay off a big purchase and want to avoid interest rate payments. When used effectively they can be a great financial tool, but learning how to manage them correctly is vital or you may end up in a worse situation.

Your eligibility will be dependent on your credit history and how you have managed your finances in the past.

 

You can view the pros and cons here.

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Best Balance Transfer Credit cards

These Credit cards have long promotional periods where you will face 0% interest rates. If you pay off your debt within this time you will have avoided extra charges and this is the best way to use a balance transfer credit card.

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