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What does it mean to transfer credit card balance?

To transfer a credit card balance means to use the available credit on one credit card to pay off the balance of another credit card. This is often done by credit card holders to pay back a balance at a lower rate.


What is a normal balance for stockholders equity?

Stockholders equity is the amount invested by share holders in business and it is liability of business that's why it has credit balance as a normal balance.


What percentage of your balance should be pay down to help with your credit score?

20%


How can I change my Annual Percentage Rate?

The only way that one can change an annual percentage rate on a loan or credit card is to renegotiate the terms of the loan or credit balance with the lender. Another way would be to simply refinance the balance.


Which credit card company offers the lowest apr?

The annual percentage rate on credit cards can be researched online. Many credit card companies offer a zero annual percentage rate on balance transfers.


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.


Do credit cards with low credit lines hurt credit scores?

No, the score model recognizes the balance on the account in proportion to the credit limit as a percentage. For example, if you have a balance of $10,000 with a $ 50,000 credit-limit your proportion of balances to credit limit would be 20%. Vote on our video at www.wowifixedmycredit.com


What does APR mean on a credit card?

APR stands for Annual Percentage Rate on a credit card. It is the interest rate charged on any outstanding balance on the card, expressed as a yearly percentage.


What are the average statistics of credit cards?

According to the CreditCards website, as of 2008 there were 176 million credit card holders. The majority of credit card holders have 3 or more credit cards, and over 40% of students have a credit card.


Credit union are owned by who?

The account holders


Can you explain what the term "credit card APR" means?

The term "credit card APR" stands for Annual Percentage Rate, which is the interest rate charged on any outstanding balance on a credit card. It represents the cost of borrowing money through the credit card and is expressed as a yearly percentage.


How much is the limit on the home depot credit cards?

Home Depot credit card holders report limits ranging from $1000 - $12,000; it depends on your the results of your credit application. Some may carry a high APR and lower your balance without much notice.