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Typically, people consider transferring high interest rate balances to a credit card that offers a lower interest rate. The best way to accomplish this is to contact the lower rate credit card company and set up the transfer (this is a relatively quick process). This company will ask for the higher rate credit balance and assist you in transferring. After you get a notice that the transfer is complete, you can close your higher rate credit card.
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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.
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.
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.
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 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.
