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A balance transfer is a great way to reduce your interest expense. You can use that savings to put extra money into your pocket, or to pay off your debt much more quickly. You can use this card to transfer debt from another bank. You can not use this card to transfer debt from another card from this bank. All balance transfers follow a similar pattern. Typically there is a fee (as a % of the balance) and a promotional interest rate. This card has a fee of %, and a promotional interest rate of 0% that lasts for months. To understand if the balance transfer offer makes sense, you need to consider your existing credit card interest rate and the amount of money you can afford to pay each month. To see how much you could save, and to see if this is the best offer for you, you can input your data into our Balance Transfer calculator. Balance Transfers are the best way to reduce debt, but you need to beware the fine print.