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What happens if I miss a payment on the transferred balance?
Curious about Balance Transfer
If you miss a payment on the transferred balance, the credit card issuer may charge you a late payment fee and it can also trigger the end of the promotional period. If this happens, you may lose the promotional interest rate and have to pay a higher interest rate on the remaining balance. Additionally, missing a payment can also have a negative impact on your credit score. It's important to make all payments on time to avoid these consequences.
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