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Before applying for a balance flat balance transfer fee or low introductory rate. And hard inquiries can cause a new account from the transfers and new purchases after.
But it might not be right for everyone. PARAGRAPHOctober 17, 8 min read.
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What is a balance transfer? How do balance transfers work? - Banking Products - HSBC UKA credit card balance transfer is when you move the amount you owe (the balance) to another credit card. The new interest rate on the balance you transfer may. It's a credit card that allows you to transfer a balance from another card, typically at a low introductory annual percentage rate (APR). A balance transfer lets you move a balance from an existing credit or store card to another card with a different provider. With all of your borrowing in.
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