04 Jul 2008
I think my sis got a new card and that is why there was a mail for her from a bank. I would just like her to keep in mind that she has to be very responsible when she use it. I think she opted for a balance transfer. A balance transfer is transferring debt from one credit card to a new card that has a lower interest rate. I think there are two types of balance transfers: one is limited duration balance transfers and the other one is fixed rate balance transfer. My sis should opt for the credit card that has 0% interest rates on balance transfers and purchases for about one year and this is generally the best offer for one can defer the payment for credit card interest for one whole year.
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