What is a balance transfer credit card?

A balance transfer credit card is an increasingly popular way to pay down credit card debt and avoid interest. A balance transfer deal offers a low or zero rate of interest for a set period of time – typically between four and 18 months – on balances transferred to the credit card at the time of application.

Infochoice currently lists more than 100 balance transfer credit card deals. Read more about balance transfer credit cards in our easy to read to short guide here.

Source: infochoice.com.au

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