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Q: Is a credit card customer paid interest for a credit balance?
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How does a visa credit card work?

A Visa credit card works by allowing a customer time to pay the balance owed when making purchases. The credit card is swiped or entered into a machine, and the user has about 30 days to pay for merchandise to the issuing card company without being charged interest. If the balance is not paid in that time, the user is charged interest on the remaining balance.


Can you pay your credit card bill by another credit card?

Yes you can pay your credit card bill by another credit card. It is called balance transfers, you can transfer the balance of another credit card that has a high interest to a credit card that has a low interest. Hopefully this answers your question.


What are some advantages of a 0 balance transfer?

When you have a balance on your credit card, you are paying interest. If you can find a credit card with a lower interest rate and a 0% balance transfer, you will be saving money.


What is a balance transfer on a credit card?

A balance transfer is when you payoff what you own on one credit card, with another credit card or loan.A "balance" is what you owe.Usually balance transfers are done when another credit card company offers you a lower interest rate.Before you do a balance transfer, make sure there are NO FEES associated with it.Answer:Most of the companies offer balance transfer from old card to new that they offer to attract the customer to their product. they even provide the grace period to pay back the balance to the lender.


What is the function of a credit card company?

A credit card company act as a 'liaison' between the customer and the business. The customer presents their credit card to the retailer - and the card company pays the retailer for the goods the customer has purchased. The card company charges the customer interest each month on the outstanding balance - in payment for the convenience of being able to make (often expensive) purchases, without having to h=cary large amount of cash.

Related questions

How does a visa credit card work?

A Visa credit card works by allowing a customer time to pay the balance owed when making purchases. The credit card is swiped or entered into a machine, and the user has about 30 days to pay for merchandise to the issuing card company without being charged interest. If the balance is not paid in that time, the user is charged interest on the remaining balance.


Can you pay your credit card bill by another credit card?

Yes you can pay your credit card bill by another credit card. It is called balance transfers, you can transfer the balance of another credit card that has a high interest to a credit card that has a low interest. Hopefully this answers your question.


How does a visa card work?

A Visa credit card works by allowing a customer time to pay the balance owed when making purchases. The credit card is swiped or entered into a machine, and the user has about 30 days to pay for merchandise to the issuing card company without being charged interest. If the balance is not paid in that time, the user is charged interest on the remaining balance.


What are some advantages of a 0 balance transfer?

When you have a balance on your credit card, you are paying interest. If you can find a credit card with a lower interest rate and a 0% balance transfer, you will be saving money.


Why does a person keep transfer credit card balance to another before it catches up with him?

To transfer from a high interest credit card to a lower interest credit card


What is a balance transfer on a credit card?

A balance transfer is when you payoff what you own on one credit card, with another credit card or loan.A "balance" is what you owe.Usually balance transfers are done when another credit card company offers you a lower interest rate.Before you do a balance transfer, make sure there are NO FEES associated with it.Answer:Most of the companies offer balance transfer from old card to new that they offer to attract the customer to their product. they even provide the grace period to pay back the balance to the lender.


Where can one find information about Visa 0 balance transfer?

There are various credit card companies which offer their customer 0% interest on balance transfers. Credit Cards Canada has many on their website. One can find various information and apply for a card as well.


What is the function of a credit card company?

A credit card company act as a 'liaison' between the customer and the business. The customer presents their credit card to the retailer - and the card company pays the retailer for the goods the customer has purchased. The card company charges the customer interest each month on the outstanding balance - in payment for the convenience of being able to make (often expensive) purchases, without having to h=cary large amount of cash.


Is there a credit card available that offers zero interest on balance transfers?

Yes, there is a credit card available that offers zero interest on balance transfers. You can find it at www.creditcards.com/balance-transfer.php There are several credit cards and 0% is up to 18 months! http://www.creditimes.com/balance-transfer.html


Which credit cards offer zero interest on balance transfers?

The Lloyds TSB platinum card, the Halifax balance transfer card and the Barclay's platinum credit card all offer zero interest on balance transfers. The zero interest is only valid for a specific time period dependant on the company and specific card.


Which of these credit card features would be best for customers who want to pay off the balance on a high-interest credit card?

Low fees for balance transfers


What is a credit card balance A?

It is the balance on your account, indicating either how much money you owe or if you have some money in the account.