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Low Balance Transfer Credit Cards
Many credit cards have interest rates of 18% to 21%. And if you miss a payment, the rates can go even higher.
The average credit card balance, for those who normally maintain an ongoing balance, is approaching $7,000. That costs the average person over $100 a month to maintain that balance.
And, for most people, that $100 a month could be put to better uses than sending it to the bank.
One option is to transfer your current credit card balances to new credit cards offering lower interest rates. And, many credit card companies offer 0% interest rates for balance transfers for a full year.
Why would a credit card company do this? It's simply. They want your business.
They figure that once your balance has been transferred to their credit card, you will continue to rack up even more debt. And they will now be the happy bank that gets to collect your interest payments.
So, transferring your balance to low balance transfer credit card can really be helpful if you can control your spending and simply pay off your existing credit card balances.
Low Balance Transfer Credit Cards resources for you to consider
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