Assuming that your credit is good enough, and you can get approved for a new credit card once every six months or year, you might be tempted to take advantage of the new account balance transfer deals that many credit card companies offer. The terms of a balance transfer usually involve a preferential interest rate (sometimes 0%) for a specified period of time for any amounts you transfer to the new card. It’s true that this type of transfer does have the benefit of saving you on interest charges. However, there are some direct and indirect expenses associated with this...

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