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Steveo1090

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Transferring half of current credit card balance to a new one in order to minimize interest paid.
Would opening a new credit card account with the intent of transferring half the balance of a current credit card, to minimize the amount of interest paid on the current card be beneficial?

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Does it change your credit score? Yes, of course. Is it economically beneficial? Absolutely. Lower interest rates means you will have more money available to pay off higher rate debt faster thereby reducing your utilization faster. Just don't go overboard and get a multitude of zero percent cards in order to reduce your interest expense. At some point the cost outweighs the benefit. Only you can determine how many is too many based on your personal credit. One or two is probably enough. You may have to work it and ask for credit limit increases but in time you will accomplish your goal.

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