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Credit Card Applications » Questions » User Questions » Balance Transfers » Why do credit cards holders opt for a balance transfer?

Why do credit cards holders opt for a balance transfer?

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Unlike a few other loans, the interest rates on credit cards a extremely high, to ensure the bank acquires a new customer they provide a lower interest rate for the balance transfer that occurs. Consumers on the other hand benefit from this feature too as they can pay out the outstanding credit at a better interest rate.

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Intro APR on Balance Transfer: 0% (21 months)*
For Excellent/Good Credit
Intro APR on Balance Transfer: 0% (12 months (on balance transfers made within 45 days of account opening))
For Excellent/Good Credit
Intro APR on Balance Transfer: 0% (18 months)*
For Excellent/Good Credit
* Click apply to read the full Terms and Conditions.

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Balance Transfers