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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.
What else can I help you with?
What is known as the transferring debt from one credit card to another?
It is balance transfer.
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 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 off someone else's credit card balance through a balance transfer?
Yes, you can pay off someone else's credit card balance through a balance transfer by transferring the balance to your own credit card account.
Can you transfer your credit card balance to another person?
No, you cannot transfer your credit card balance to another person.
What is known as the transferring debt from one credit card to another?
It is balance transfer.
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 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 off someone else's credit card balance through a balance transfer?
Yes, you can pay off someone else's credit card balance through a balance transfer by transferring the balance to your own credit card account.
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.
Can you transfer your credit card balance to another person?
No, you cannot transfer your credit card balance to another person.
Is it possible for you to transfer a credit card balance to another person?
No, it is not possible to transfer a credit card balance to another person.
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 graduate credit from another institution?
Yes, you can transfer graduate credit from another institution, but it is subject to the policies of the institution you are transferring to.
Is it possible for me to transfer someone else's balance to my credit card?
No, it is not possible to transfer someone else's balance to your credit card without their permission. Transferring someone else's balance without authorization is considered fraud and is illegal.
How can I transfer my debt to another person?
Transferring your debt to another person typically involves a process called debt assumption or balance transfer. This can be done by contacting your creditor to see if they allow debt transfers, or by using a balance transfer credit card. Keep in mind that transferring debt does not eliminate your responsibility to repay it, and the new person will need to agree to take on the debt.
What does transferring credit card balance to new card do to credit?
Generally, after two (2) months, the balance transfer from one card to another only minorly impacts one's credit. The key is the additional or new account and the utilization of the line on the account. If you transfer a balance to a NEW account as part of the application/onboarding process, your credit score will be reduced. If you transfer a balance to an EXISTING account that you don't use regularly, your credit score will be reduced. If you transfer a balance to an EXISTING account that you use on a regular basis, your credit score will either remain the same or be reduced.
