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Dos and Don’ts of Credit Card Balance Transfers

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Shifting debt from one credit card to another can save you lots of money if done properly, but whether or not you should accept a balance transfer deal depends on many factors to determine if you can successfully use the balance transfer to better manage your overall debt.

Consider these do’s and don’ts mentioned on DailyFinance.com to guide your decision-making process: Look at the entire deal such as annual fees, credit limits etc, comparison shop online, don’t apply for too many cards at once, and don’t close your old accounts immediately.

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