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JKMarine

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Credit Card Balance Transfer does it damage credit score

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The act alone does not hurt your credit, it is not a negative action. However, credit can be affected in a negative way, depending on the situation. If you are opening a new account to do this, then credit can be dinged for doing that (hard inquiries, reducing average age of accounts). Secondly, if you will be maxing out the card that you are transferring to, then you will be dinged for high utilization on that card.

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