Credit card balance transfers can seem like an attractive way to avoid interest payments, but continuously moving balances between 0% APR cards isn't a sustainable strategy.

Zero-interest promotional periods typically last 6-21 months. While it's possible to keep transferring balances to new cards as promotional rates expire, this approach can damage your credit score in several ways:

• Credit history length (15% of your score) suffers when you frequently close accounts or leave them inactive
• Opening multiple new credit accounts in a short time temporarily lowers your score
• Having too many similar credit account types can negatively impact your credit mix

Balance transfers are most appropriate when:

• Making large planned purchases
• Consolidating existing credit card debt
• Paying down high-interest balances

If you must do a balance transfer, treat it as a one-time solution:

• Choose a card with the longest possible 0% APR period
• Create a realistic budget to pay off the balance before the promotional rate expires
• Avoid accumulating new debt during the promotional period

Missing payments can void promotional rates immediately, potentially leaving you with high balances at standard interest rates. Always read the terms carefully and ensure you can make minimum payments on time.

Remember: While 0% APR offers provide temporary relief, responsible credit management and debt reduction should be your long-term financial goals.

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