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How to Do a Balance Transfer in 4 Steps

How to Do a Balance Transfer in 4 Steps

Updated on October 7, 2026

How does a "balance transfer" work? A balance transfer allows you to take your high-interest credit card balance from one card (or even multiple cards) and transfer it to a new credit card with a lower interest rate so you can save money on interest charges.

Many balance transfer cards offer a 0% intro APR for balance transfers until 2026!

4 Simple Steps to the Balance Transfer Process

1. Pick a balance transfer card that fits your needs (Length of Intro APR Period, Rewards, etc.)

2. Apply for a balance transfer card (Click Apply Now)

3. Once Approved, contact the new credit card company to do the balance transfer

4. Pay off your debt & celebrate being debt free faster!

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