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Can I just take the balance transfer offer with the best rate?

Reading the Fine Print

When you compare balance transfer credit cards, make sure you take the time to read the fine print before you commit to a card. There could be several traps or adverse policies stated in the fine print that you might not be eager to agree to.

Fine-Print Traps to Look For

Late payments: Often, late payments can trigger huge increases in interest rates. This is only noticed when you take the time to read the fine print.
Fees for cash advance: If you like to borrow cash on your credit card, be sure to scan the fine print for fees and increased interest charges on cash advances.
Annual fees: Annual fees can really have an impact on how good a credit card balance transfer deal is. Make sure you read the fine print and identify any ongoing annual charges.

Remember, no matter how much you think you know about the balance transfer credit card you're considering, you could always know more. So take the time to review the fine print--you might just be surprised at what you find.

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