What is a balance transfer for a credit card?

Answer Approximately 78 percent of American families had one or more credit cards at the end of 2008, reports Balance transfers are one method used by credit cardholders to control debt.F... Read More »

Top Q&A For: What is a balance transfer for a credit card

Does my credit card balance increase with a balance transfer?

If the card you are transferring your balances to has a transfer fee, your balance on the new card will be higher than it was on the old card. Transfer fees should be considered alongside any poten... Read More »

What is a balance transfer on a credit card?

A balance transfer on a credit card involves transferring the amount owed on one credit card to another credit card. This is often done when one credit card company offers a lower interest rate tha... Read More »

What is a credit card balance transfer?

A credit card balance transfer is an offer made by credit card companies that transfers the money you owe to one credit card to a competitor's credit card. When you complete a credit card balance t... Read More »

What Is the Maximum Balance You Can Transfer to a New Credit Card?

An attractive feature of credit cards is the ability to transfer balances from one card to another. Although this doesn't eliminate debt, it can help save you money if the new card has a lower inte... Read More »