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Balance Transfer credit cards explained - pay 0% interest on debtA balance transfer is when you move outstanding debt from one credit card to another. Balance transfers are typically used by consumers. Credit card balance transfers allow you to move debt from an existing credit card account to a new card at a lower interest rate. A credit card balance transfer is when you move the amount you owe (the balance) to another credit card. The new interest rate on the balance you transfer may.
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