Balance transfers are a very popular reason for getting credit cards.  However some care needs to be taken in order to make sure that there is no spending done on a credit card.
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Credit card balance transfers are when the money that is owed on one card is moved to the balance on another credit card.

This can be done for a number of reasons.  It is quite common for a card to be changed because the bank that holds other accounts, such as the transaction account or the home loan, has changed.  Alternatively the card may be moved because it offers a lower interest rate, better terms or good rewards. (more…)