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When paying off multiple credit card balances backfires

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How a balance transfer can negatively impact your credit score

A balance transfer card can temporarily impact your credit by increasing utilization, reducing length of credit history and adding a new account to your report.

Published: February 15, 2018

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Credit Card Rate Report Updated: October 16th, 2019
Business
15.18%
Airline
17.11%
Cash Back
17.25%
Reward
17.13%
Student
17.29%

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