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What is a Balance Transfer Credit Card? (EXPLAINED)Balance transfer cards let you move credit card debt to a new card with a lower or 0% introductory APR, helping reduce interest payments and pay off balances. 14 Best balance transfer cards of November � + Show Summary � Wells Fargo Reflect� Card � Citi Double Cash� Card � Chase Freedom Unlimited� � Blue. Discover balance transfer credit card offers can help you pay off credit card balances with a low-intro APR balance transfer.