Balance-transfer credit cards are most frequently used by consumers who are currently struggling with debt. In exchange for a one-time fee, they allow debts youre carrying at higher interest rates to be switched to them to be paid down at a 0% APR for some length of time usually between 15 to 24 months. However, theres more a balance-transfer card can potentially do more for you than offer no-interest debt relief.
Here are several other ways a balance transfer card can help you financially.
Freeing Up Money
You could opt to use a balance-transfer credit card even if you can afford to pay your debt. Because your debt wont incur interest for well over a year or two, you can make only the minimum payments wit…
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