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What is known as the transferring debt from one credit card to another?
Wiki User
∙ 11y ago
It is balance transfer.
Wiki User
∙ 11y ago
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Does it cost anything to transfer your credit card balance to another card?
When transferring a balance from one credit card to another, a transfer fee is usually charged. This fee is a percentage of what ever the balance is. A higher balance means a higher fee.
How can transferring your credit card balance from one credit card to another benefit you?
You should always be aware of cards that offer lower interest rates then the one you have now. Transferring balances from one card to another to take advantage of low introductory rates can assist you when you pay down debt as long as you have a very strong credit rating. The strong credit rating is an absolute necessity as all of these transfers and the inquiries that go with them can knock a few points off of your credit rating.
How do I transfer the balance on my credit cards?
You will have to talk to you credit card company. They will be able to assist you in transferring your balance on your credit cards.
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 do you get rid of a credit card without it hurting your credit?
Transfer your money to another credit card.
Does it cost anything to transfer your credit card balance to another card?
When transferring a balance from one credit card to another, a transfer fee is usually charged. This fee is a percentage of what ever the balance is. A higher balance means a higher fee.
How can transferring your credit card balance from one credit card to another benefit you?
You should always be aware of cards that offer lower interest rates then the one you have now. Transferring balances from one card to another to take advantage of low introductory rates can assist you when you pay down debt as long as you have a very strong credit rating. The strong credit rating is an absolute necessity as all of these transfers and the inquiries that go with them can knock a few points off of your credit rating.
Can someone pay you by transferring funds from their credit card to yours?
They cannot transfer funds from their credit card but they could make a check or cash payment to your credit card.
How do I transfer the balance on my credit cards?
You will have to talk to you credit card company. They will be able to assist you in transferring your balance on your credit cards.
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.
Is it a good idea to transfer the balance of my credit card to another credit card?
If you can move the balance to a lower interest rate card then yes it is a great idea. If the rate isn't lower though, transferring your credit card balance to a new card is pointless. It's generally not a good idea to transfer balances between credit cards. Fool.com has a some great tips on balance transfers.
What is the protection of credit card information know as?
it is known as your credit card protection.
How do you get rid of a credit card without it hurting your credit?
Transfer your money to another credit card.
How can one transfer a credit balance?
Typically, people consider transferring high interest rate balances to a credit card that offers a lower interest rate. The best way to accomplish this is to contact the lower rate credit card company and set up the transfer (this is a relatively quick process). This company will ask for the higher rate credit balance and assist you in transferring. After you get a notice that the transfer is complete, you can close your higher rate credit card.
Are there credit cards that have zero interest?
Yes there are credit cards that have zero interested but these offers are usually only available for new customers for a certain period of time or if you are transferring your balance from another card. These offers don't usually last indefinitely.
Is a debit card another name for a credit card?
Yes
How does transferring a balance from one credit card to another work?
Very good question. Simply call the phone number one of your credit cards and give them the credit card number of the other card you want to pay. For example, say you want to pay your SEARS card balance with your VISA credit card. Call VISA and tell them you want to make a transfer to your SEARS account. Provide VISA with the SEARS account numbers-They will do it for you. It doesn't take long. It can be done over the phone. Good luck!~
