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Balance transfer checks are primarily intended for transferring high-interest credit card debt to a new card with a lower interest rate. While they can technically be used to pay for various expenses, many issuers restrict their use to pay off existing credit card balances or loans. It's important to check the terms and conditions of the specific balance transfer offer to understand any limitations on usage. Using them for other payments may result in fees or other penalties.

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2mo ago

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Can you do a balance transfer from someone else's credit card?

Yes, balance transfers are commonly used to move balances from a high APR to a lower rate. But the transfer will impact the credit of the cardholder receiving the balance.


What are the different types of checks and how can they be used for financial transactions?

The main types of checks are personal checks, cashier's checks, and certified checks. Personal checks are written by individuals to pay for goods or services. Cashier's checks are issued by banks and are guaranteed by the bank. Certified checks are personal checks that have been verified by the bank. Checks can be used for financial transactions by providing a secure and convenient way to transfer money from one party to another.


What are balance transfer rates normally used for?

Balance transfer fees are charged on credit cards for sending money from one credit card to another. These fees have a big impact on how much you can save.


Why do people write checks?

People write checks as a convenient and secure way to make payments without using cash. Checks provide a record of the transaction and can be used to pay bills, make purchases, or transfer money to others.


How do you pay a credit card bill and can I pay credit card bill with credit card?

Yes, you will be able to pay one credit card bill with another credit card. There are a couple of different ways to do this: 1. Balance transfer - There are credit cards that would let you transfer some of the the balance from one card to another. The interest for this transfer is usually lesser on the transferred balance. 2. Using Credit Card Checks - You can also use the checks that come with some credit cards. All you've got to do is write a check for the amount due. This transaction does not carry any additional charges along with it. 3. Cash Advance - There is also a possibility of getting a cash advance from a credit card and this can be deposited into your savings account or even used to pay the bill of another credit card.

Related Questions

What is the purpose of a balance transfer credit card?

A balance transfer credit card is used to transfer your balance from one account (such as your personal account) to another account (such as a business account). This is the quick, hassle free way to move your money around.


Can you do a balance transfer from someone else's credit card?

Yes, balance transfers are commonly used to move balances from a high APR to a lower rate. But the transfer will impact the credit of the cardholder receiving the balance.


What are the different types of checks and how can they be used for financial transactions?

The main types of checks are personal checks, cashier's checks, and certified checks. Personal checks are written by individuals to pay for goods or services. Cashier's checks are issued by banks and are guaranteed by the bank. Certified checks are personal checks that have been verified by the bank. Checks can be used for financial transactions by providing a secure and convenient way to transfer money from one party to another.


Does the ear do anything else?

The ears are also used for balance


What are balance transfer rates normally used for?

Balance transfer fees are charged on credit cards for sending money from one credit card to another. These fees have a big impact on how much you can save.


Why do people write checks?

People write checks as a convenient and secure way to make payments without using cash. Checks provide a record of the transaction and can be used to pay bills, make purchases, or transfer money to others.


What is used to reconcile a bank statement?

Ending Balance: $676.23 Outstanding Deposits: $356.71 Outstanding Checks: $321.15 711.79


A triple-beam balance is used to measure?

Mass, typically in grams.


How do you pay a credit card bill and can I pay credit card bill with credit card?

Yes, you will be able to pay one credit card bill with another credit card. There are a couple of different ways to do this: 1. Balance transfer - There are credit cards that would let you transfer some of the the balance from one card to another. The interest for this transfer is usually lesser on the transferred balance. 2. Using Credit Card Checks - You can also use the checks that come with some credit cards. All you've got to do is write a check for the amount due. This transaction does not carry any additional charges along with it. 3. Cash Advance - There is also a possibility of getting a cash advance from a credit card and this can be deposited into your savings account or even used to pay the bill of another credit card.


Is it possible for me to transfer someone else's credit card balance to mine?

No, it is not possible to transfer someone else's credit card balance to your own. Each credit card account is separate and can only be used by the person whose name is on the account.


Is it possible for you to transfer someone else's credit card balance to your own?

No, it is not possible to transfer someone else's credit card balance to your own. Each credit card account is separate and can only be used by the person whose name is on the account.


Selling used car how to transfer balance of manufacturers warranty?

Notify local dealer where new owner lives.