It's a good idea to get a balance transfer credit card, but in most cases, you need at least good credit. When you transfer a balance, you’re ideally shifting high-interest debt to a credit card with a lower interest rate, and that enables you to save money.
However, take into account that most balance transfer cards have very high regular APRs, making it important to repay what you owe before the 0% period ends.
In addition to that, many balance transfer credit cards will charge a balance transfer fee, usually 3% to 5% of the amount you transfer, so make sure you consider that added cost.
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