balance transfer

A balance transfer generally involves transferring a balance from one credit card to another. Usually, the credit card the balance is being transferred to, carries a lower interest rate.

Often, for promotional reasons, credit card companies will offer to transfer a balance from a competing company's credit card and allow you to carry the balance interest free as long as it is paid back within a specified time frame, usually one year.

Balance transfers may also involve money or credit transfers to and from checking accounts, savings accounts and trading accounts.

In some cases, balance transfers will be subject to transfer fees.

You'll find bloggers talking about balance transfers in articles such as Best Credit Cards For Balance Transfers and Consumers Guide To Credit Cards.

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Original Technorati articles tagged “balance transfer”

• in Small Business
  How to Pick a Credit Card for Your Small Business
  Consider the advantages of both general consumer and business credit cards.
  by cardhub / on Aug 23, 2010
• in Finance
  Selecting the Best Balance Transfer Credit Cards
  More credit consumers are turning to credit transfer because they allow them to save more.
  by sephthewriter / on Oct 13, 2009

Latest blogosphere posts tagged “balance transfer”

 

• How to Use a Business Rewards Card to Save Big Money in Your Business

  
  — Authority:
  Business rewards cards are long time tools of the trade for credit card companies. Offering eye-catching rewards and money-saving opportunities is a tactic credit card companies use to lure small business owners into a new account. If you have good credit, you can be disciplined with your spending, and you make the ...
  4 days ago

• How to transfer Balance from BSNL to BSNL mobile

  
  — Authority:
  Read this post for a guide on how to transfer Balance from BSNL to BSNL mobile. If you are a BSNL subscriber, you can transfer balance to another BSNL subscriber or you can even receive Balance from any of your friend. This service has been ther for queit a bit of time and there are lot of people who still do not ...
  6 days ago

• Reduce Credit Cards Interest Rates With Balance Transfer Credit Cards

  
  — Authority:
  These days, credit cards have become a hot commodity. The truth is, the average American household carries thousands of dollars in credit card debt. Debt that they will pay interest rates on. So, wouldn’t it be great if it was possible to reduce the interest rates on your credit cards without signing up for a debt ...
  3 weeks ago

• 5 Ways to Evaluate and Get the Best Credit Card Deals

  
  — Authority:
  5 Ways to Evaluate and Get the Best Credit Card Deals written by Lynnette Khalfani-Cox, The Money CoachWith scores of different types of credit cards out there, how do you find the best deal? Needless to say, it pays to already have good credit in order to get a good credit card offer. But finding an attractive credit ...
  4 weeks ago

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