What are the benefits of using a balance transfer credit card for debt consolidation?

[bubbagump]

A balance transfer credit card allows borrowers to transfer high-interest credit card balances to a card with a lower interest rate or 0% introductory APR. This can help borrowers save money on interest charges and pay off debt faster, as long as they make on-time payments and avoid accruing new debt on the card. Some balance transfer cards also offer rewards or cash back on purchases.

[Boluker]

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