answersLogoWhite

0

When you do a balance transfer, you move debt from one credit card to another with a lower interest rate. This can help you save money on interest payments and pay off your debt faster.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

What happens in a 0 balance transfer?

When one has a 0 balance transfer it means that all of one's balance transfer payments are pushed to the bottom. If it is a 0% it means that one would have no annual fees.


How do you transfer balance sheet in tally 7.2 for next financial year?

you don't need to transfer it manually. It happens automatically.


What is the purpose of a balance transfer offer?

The purpose of a balance transfer is to transfer balance. Many credit card companies allow the transfer of balance from one card to another. That is a balance transfer.


Can a wife transfer her credit card balance of a card that is?

She can transfer the balance onto a new card. It is known as a 'Balance Transfer'.


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.


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 I balance transfer from my partner's card?

No, you cannot balance transfer from your partner's card.


Can you transfer a balance to another person?

Yes, you can transfer a balance to another person by initiating a transfer of funds from your account to their account.


What is the best balance transfer card?

Best balance transfer card of 2013 is slate from chase. It is the only card that is offering a 0% introductory interest rate on balance transfer without charging balance transfer fee but it's only for the first 60 days.


What does balance transfer mean?

It's when you transfer your balance (or part of your balance) in an account to another account. Usually the accounts are in separate financial institutions. Although it applies mainly for credit cards, other financial product may also offer balance transfer.


Can I transfer the balance from someone else's card?

No, you cannot transfer the balance from someone else's card without their permission.


Can you transfer your credit card balance to another person?

No, you cannot transfer your credit card balance to another person.