answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Does it cost anything to transfer your credit card balance to another card?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

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.


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 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.


Where may one balance transfer credit?

If one wants to transfer a balance from one credit card to another credit card, the gaining credit card will arrange the transfer. There is a transfer fee involved with the transaction.


Can you transfer credit card balance to another carholders card?

Yes, you can transfer a balance from one person to another, preferably WITH their permission..


How would one define a credit card balance transfer?

A credit card balance transfer means one can transfer the balance of one credit card into another. One can transfer either all the funds or only a portion. For further information, one can contact the credit card company.


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.


Can you pay off a credit card by using another credit card?

Many credit card companies offer balance transfer options whereby you can transfer the balance of one credit card to another. Be aware that the terms offered for balance transfers can be deceptive and generally the terms have a time limit.


What is a balance transfer on a credit card?

A balance transfer is when you payoff what you own on one credit card, with another credit card or loan.A "balance" is what you owe.Usually balance transfers are done when another credit card company offers you a lower interest rate.Before you do a balance transfer, make sure there are NO FEES associated with it.Answer:Most of the companies offer balance transfer from old card to new that they offer to attract the customer to their product. they even provide the grace period to pay back the balance to the lender.


What is a no balance transfer fee?

A no balance transfer fee typically will refer to two credit cards. It is saying that if you decide to switch your credit card balance from one card to another you will not have a fee associated with that transaction.


What is the purpose of a balance transfer credit card?

A balance transfer credit card is used to transfer your balance from one account (such as your personal account) to another account (such as a business account). This is the quick, hassle free way to move your money around.


What is 0 balance transfer and what are the advantages of doing that?

O balance transfer, is when you take one credit card that you owe a large balance on, and another credit card that is empty with a lower rate, and transfer them to the other. It's so you can get a cheaper rate.