Asked by Charles  |  Submitted June 08, 2018

I owe $455 on my credit card. Is it a good idea to get a new credit card to pay off the old credit card?

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  Answers  |  1

June 11, 2018

Hi Charles, you can consolidate all your debts through a balance transfer card. Many credit card companies offer zero-interest on balance transfers for twelve months or longer, allowing you to transfer and then pay on the balance without incurring any further interest to pay off. You can apply for balance transfer cards on MoneyTips.

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