Credit card balance transfers affect your credit score, experts say; here's what borrowers should know
· livemint.com
Credit card balance transfers can lower interest costs but may temporarily affect your credit score through hard inquiries and new accounts. Experts explain why repayment discipline, lower credit utilisation and avoiding repeated transfers are essential for maintaining a healthy credit profile.
A credit card balance transfer can be a meaningful way for day-to-day users to reduce applicable interest costs and manage debt effectively. All it takes is pro...