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How to transfer funds from one credit card to another

If you want to maintain your creditworthiness, and perhaps boost your score in the long run, it's important to pay your credit card bill on time and ideally in full. The best balance transfer credit cards can make it a lot easier to consolidate and pay down debt while saving money on interest. Otherwise, the lender may continue to charge interest or fees if there was any amount leftover. Some credit card issuers have online applications for balance transfer credit cards. Legal Disclaimer: This site is for educational purposes and is not a substitute for professional advice.

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After that, the interest rate on balances will certainly go up. A balance transfer could help you streamline your finances, consolidate debt and save money on interest. You should hear back pretty quickly about your application status. The easiest way is to fill out an application on the card issuer's website. That means you need to repay the funds you withdraw immediately to avoid interest charges from spiraling out of control.