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Contents

  • What Are Balance Transfer Credit Cards?
    • How Do They Work?
    • Key Benefits
      • Interest Savings
        • Debt Consolidation
          • Improved Credit Score
          • Important Considerations
            • Transfer Fees
              • Credit Requirements
              • Making the Most of Your Balance Transfer
                • Calculate the Total Cost
                  • Best Practices
                  • Alternative Options
                    • Long-term Financial Health

                      Understanding Balance Transfer Credit Cards: Benefits and Considerations

                      contributorcontributorcontributor
                      2.5 minute read
                      FinanceBankingCredit ScoreInvestment
                      A visual of a credit card being transferred between two hands, symbolizing the concept of balance transfer.
                      Published January 25, 2025
                      Last Updated May 29, 2025
                      contributorcontributorcontributor
                      2.5 minute read

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