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.
Original Technorati articles tagged “balance transfer”
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
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”
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