A balance transfer moves debt from one card to another, usually at a low or 0% rate for a set period. The idea is simple: pay less interest, clear the balance faster.
There is almost always a transfer fee (typically 2–4%), and the promotional rate ends on a fixed date. Anything left after that date reverts to the standard purchase rate, which is often 25% APR or more.
Balance transfers only work if you stop spending on the old card, make every payment on time, and have a realistic plan to clear the balance in the promo window. If you can't, a debt solution may be a safer route.
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