Generally speaking,will transferring money between credit cards benefit your overall financial health?
A)Yes,there is often 0% interest for balance transfers for a specific amount of time.
B)No,there is usually a transaction fee.
C)No,opening new accounts can lower your credit score.
D)No,there is usually a transaction fee AND it can lower your credit score.

Question

Quizplus · Accepted Answer

Transferring money between credit cards often involves a transaction fee and can lower your credit score due to the inquiry required to open a new account and the potential impact on your credit utilization ratio.

Generally Speaking,will Transferring Money Between Credit Cards Benefit Your Overall