Credit Cards FAQ

Frequently Asked Questions about Credit Cards

Is it a good idea to transfer my balance to new credit card?

If you are carrying a balance on a credit card with a high APR, you may wish to consider transferring that balance to a new credit card with a lower APR. If you wish to do this, you should look for a credit card that does not charge a balance transfer fee. You should also keep in mind that the new, lower APR is generally only an introductory rate. Look for a credit card that maintains the introductory rate for the longest amount of time possible.

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