Bangalore: Carrying cash in the wallet might sound comfortable for someone, while it might not be the same for others. Carrying cash is more prone to risks like snatching, theft, etc.

Credit Cards are becoming one of the convenient ways of carrying cash. However, carrying multiple credit cards at the same time can be a headache at times.

Credit card companies do allow the transfer of card balance into other cards. Transferring balance of multiple cards into one card eases the use of the cards. Here is some good to know facts about transferring credit card balance as reported by Economic Times.

1. Reduces the Pain

Managing multiple cards can be very painful at times. There are also chances that one might not exactly remember the balance in each of the cards. This can lead to embarrassing situations too.

Moreover, the interest rates in each of the banks can be different and this can also become a matter of paying extras to the card issuing banks.

Transferring all the balance in a single card ensures single card use and also the interest rates get decreased to some extent.

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