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What exactly is a credit transfer?

Updated: 9/23/2023
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10y ago

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A credit transfer can have a few meanings. A credit transfer can refer to funds being transferred from one account to another, or it could relate to granting credits to a student who has completed studies at another school.

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Q: What exactly is a credit transfer?
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Where may one balance transfer credit?

If one wants to transfer a balance from one credit card to another credit card, the gaining credit card will arrange the transfer. There is a transfer fee involved with the transaction.


What does no balance transfer fees mean exactly?

An individual may wish to transfer the balance of one credit card onto another. This is generally done when an offer on the original credit card is ending, or if the APR is higher than the new card. Often when doing this, the new credit card company may charge a fee, generally 1-5% of the balance transfer. When it says no balance transfer fee, it means there is no extra charge for a balance transfer.


What exactly are balance transfer offers?

A credit card balance transfer is when someone opens a new credit card account to pay off an old one. The debt plus the interest is then owed to the new credit card company, who most times provides a grace period where a smaller amount of interest is charged on the transferred balance.


What does chase balance transfer stand for?

A balance transfer is the transfer of balance in an account or a credit card to another account.It also refers to transfer of outstanding balance from one credit card to another credit card.


Can you transfer a spouse's credit balance to credit card?

Yes, you can transfer any balance you want to your credit card. Note if you transfer the balance to your credit card, you are now liable for the full debt and not him unless he is an authorized user on the credit card.

Related questions

Where may one balance transfer credit?

If one wants to transfer a balance from one credit card to another credit card, the gaining credit card will arrange the transfer. There is a transfer fee involved with the transaction.


What does no balance transfer fees mean exactly?

An individual may wish to transfer the balance of one credit card onto another. This is generally done when an offer on the original credit card is ending, or if the APR is higher than the new card. Often when doing this, the new credit card company may charge a fee, generally 1-5% of the balance transfer. When it says no balance transfer fee, it means there is no extra charge for a balance transfer.


What exactly are balance transfer offers?

A credit card balance transfer is when someone opens a new credit card account to pay off an old one. The debt plus the interest is then owed to the new credit card company, who most times provides a grace period where a smaller amount of interest is charged on the transferred balance.


What does chase balance transfer stand for?

A balance transfer is the transfer of balance in an account or a credit card to another account.It also refers to transfer of outstanding balance from one credit card to another credit card.


How can you transfer credit from one SIM to anothe?

How can you transfer credit from one SIM to anothe with lebara


Can you transfer a spouse's credit balance to credit card?

Yes, you can transfer any balance you want to your credit card. Note if you transfer the balance to your credit card, you are now liable for the full debt and not him unless he is an authorized user on the credit card.


What is the best credit card for balance transfer?

There are many good credit cards for balance transfer. For example, Visa credit card provides a good balance transfer service. American Express credit card does too.


Can you transfer credit card without a job?

Yes you can transfer a credit card without a job..................vcklhjhiughjkghgja


How do you transfer university credit to NYU?

The transfer of credit is the most irritating and difficult work. You simply need to contact NYU admission office for the credit transfer policies. They are the ones who will best guide you ...


How would one define a credit card balance transfer?

A credit card balance transfer means one can transfer the balance of one credit card into another. One can transfer either all the funds or only a portion. For further information, one can contact the credit card company.


What is a balance transfer?

A balance transfer is when you have money in one bank and transfer that money to another bank. It is also when you have a balance on one credit card and transfer the balance to another credit card.


Does credit transfer available from national university Bangladesh to the peoples university of Bangladesh?

No,it doesn't has any chance of credit transfer