The balance transfer APR is the annual percentage rate of interest charged on a balance transfer transaction by a credit card company.  Many credit card companies charge a separate credit card interest rate on balance transfer transactions.  The credit card balance transfer APR is generally slightly higher than the APR for purchase transactions, but many new credit cards offer special balance transfer credit card rates to encourage cardholders to transfer balances from other cards.  Special rates usually apply for a specified period of time and apply only to balances transferred during the promotion.

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