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How to Choose the Right Balance Transfer Card

When selecting a balance transfer card, consider the length of the introductory period, the interest rate after the introductory period ends, and any balance transfer fees. Many cards offer 0% APR for 12 to 18 months, giving you ample time to pay down your debt without accruing additional interest. However, be mindful of balance transfer fees, which typically range from 3% to 5% of the transferred amount. Calculate whether the interest savings outweigh these fees before making a decision.

Real-World Examples and Offers

Several credit card issuers provide competitive balance transfer offers. For example, the Chase Slate Edge℠ card offers a 0% introductory APR on balance transfers for the first 18 months, with no annual fee, making it an attractive option for those looking to consolidate debt1. Similarly, the Citi® Diamond Preferred® Card offers 0% APR on balance transfers for 21 months, one of the longest periods available2. Always check the terms and conditions for each card, as they can vary significantly.

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