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A balance transfer credit card can be used for the consolidation or moving of debt, from one or more other credit cards.
Many balance transfer credit card deals offer low or zero percent introductory rates of APR for money transferred from other cards, making it highly beneficial for those who wish to reduce their credit card debt interest payments. In many cases fees and conditions apply to the transferring of debt, but this is usually offset through the amounts saved by the lack of interest on the money over a certain period.
Credit card holders are advised to check the terms and conditions of balance transfer credit cards in detail, to prevent any surprises.