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What happens when the promotional period for a balance transfer ends?
Curious about Balance Transfer
When the promotional period for a balance transfer ends, the interest rate on the remaining balance will revert to the regular rate specified by the credit card company. This rate can be significantly higher than the promotional rate, and interest charges will start to accrue on any unpaid balance. It's important to pay off the balance transfer amount in full before the promotional period ends to avoid these additional charges.
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