A balance transfer can cut £s or £1,s off the cost of existing borrowing. It's where you get a new credit card to pay off debts on old cards for you so you What is a balance transfer? · The seven golden rules · Longest 0% cards. By Martin Lewis, Money Saving Expert Shocked by the savings. a) Clear the card or balance transfer again before the 0% ends, or the rate on Pre-approved 36mths 0% money transfers - ie, it pays cash into your bank. To really ramp up your gain, you can shift the debt again to another cheap balance transfer to keep earning.
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