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Balance Transfer Credit Card Malaysia - How balance transfer help you save moneyA balance transfer is when you transfer some - or all - of your credit card debt to another credit card, usually to save money on interest repayments. How to do a balance transfer in 6 steps � 1. Check your current balance and interest rate � 2. Pick a balance transfer card that fits your needs. A balance transfer allows you to transfer debt from one credit card provider to another. To do this you must open a new balance transfer credit card, which are.