How Does a Credit Card Balance Transfer Work?

The balance transfer feature has been used by card issuers as a way to gain more customers

. Consumers have also taken advantage of this feature to save money and prevent debt accumulation. In line with this, a popular strategy being used today is the credit card hopping wherein a person switches to a new credit card once the teaser rate or the very low interest rate expires.

How Does a Credit Card Balance Transfer Work?

By: Christopher Enders

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