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How to transfer funds from one credit card to another

I understand what Discover offers. The amount you move to your bank account also incurs interest from the day you make the transfer rather than when your statement is due or after any interest-free days that commonly apply to regular purchases. If approved, your card issuer may give you a digital card you can use until your physical card arrives in the mail. And if you transferred a full balance, make sure the account has a zero balance after the transfer is complete. Pay as much as you can toward your balance.

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Some issuers mail these checks with special interest rate promotions to cardholders, and sometimes these count as balance transfers. Online transfers can take a few days to complete. If your credit score is above , and you have debt you could manage to pay off over a 0 percent introductory interest period, a balance transfer may be a great tool to help you pay down high-interest debt. A balance transfer could help you streamline your finances, consolidate debt and save money on interest. For specific advice about your unique circumstances, you may wish to consult a qualified professional. To pay your debt off faster, prioritize making payments on the balance transfer credit card. But these will apply only to the remaining balance and you won't get hit with retroactive interest charges, as you might with a deferred interest offer on a store card.