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How to Make the Most of Interest-Free Balance Transfers | How to Transfer Money Between Credit Cards - Chandigarh

(Zirakpur, Punjab (Chandigarh))

Post #: A45091456
Posted on: 07 February
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Making the most of interest-free balance transfers involves strategic planning and financial discipline. Here's a concise guide:

  • Understand the Terms: Know the duration of the interest-free period and any associated fees for transferring balances.

  • Consolidate Debt: Transfer balances from high-interest cards to interest-free ones to save on interest charges.

  • Create a Repayment Plan: Use the interest-free period to aggressively pay down the transferred balance before the promotional period ends.

  • Avoid New Charges: Refrain from making new purchases on the card to prevent accumulating additional debt.

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