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Discover is one company that offers low interest balance transfer of other credit cards. One can compare interest balance rates online at websites such as Nerd Wallet and Credit Cards.

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โˆ™ 2013-05-29 06:56:32
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Q: What company currently offers low interest balance transfer of other credit cards?
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How can one transfer a credit balance?

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.


Who is able to do balance transfer?

A balance transfer is done by the credit card company. If you want to transfer all of your balances to one card, you must apply for it, and once approved the credit card company will contact the companies of the cards you want transferred.


How do I transfer the balance on my credit cards?

You will have to talk to you credit card company. They will be able to assist you in transferring your balance on your credit cards.


How does a credit card balance transfer work?

The basic concept of a credit card balance transfer is to take the outstanding balance, or debt, owed on one credit card and moving it to another credit card. Most credit card companies offer incentives or rewards for transferring a balance to their card, such as lower interest rates or a limited period of interest free rates. One needs to open a new credit card account with the new company and go through their balance transfer process, which can differ between companies. Once the new card notifies one that the transfer is complete, one should verify this with one's old credit card, at which point the old credit card billing statement thereafter should show a zero balance.


Which credit cards offer a no fee balance transfer when signing up with their company?

Slate from Chase is a credit card that has a 0% balance transfer fee. The introductory offer lasts for fifteen months from opening the credit card account.

Related questions

What exactly are balance transfer offers?

A credit card balance transfer is when someone opens a new credit card account to pay off an old one. The debt plus the interest is then owed to the new credit card company, who most times provides a grace period where a smaller amount of interest is charged on the transferred balance.


Which credit cards offer zero interest on balance transfers?

The Lloyds TSB platinum card, the Halifax balance transfer card and the Barclay's platinum credit card all offer zero interest on balance transfers. The zero interest is only valid for a specific time period dependant on the company and specific card.


What is a balance transfer with regards to credit cards?

A balance transfer is when an amount owing on one credit card is transferred to another credit card. This is usually done to take advantage of lower interest charges. A credit card company usually specifies a minimum/maximum amount you can transfer.


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.


How can one transfer a credit balance?

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.


What is a credit card balance A?

It is the balance on your account, indicating either how much money you owe or if you have some money in the account.


Who is able to do balance transfer?

A balance transfer is done by the credit card company. If you want to transfer all of your balances to one card, you must apply for it, and once approved the credit card company will contact the companies of the cards you want transferred.


Micro Fish Company recognized 10000 of interest expense in 2007 The balance of the company's interest payable account decreased 2000 The amount of cash paid by the company for interest in 2007?

Company has paid 2000 cash for interest due to which interest payable reduced by 2000.


How do I transfer the balance on my credit cards?

You will have to talk to you credit card company. They will be able to assist you in transferring your balance on your credit cards.


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 You Need to Know About Balance Transfer Credit Cards?

When you receive a balance transfer offer in the mail, it might seem like a gift. These offers typically let you transfer the balance from one credit card to a new credit card, which has a lower interest rate. While transferring your balance does have some benefits, you must read the fine print on the offer. You might be surprised when you discover the details regarding that transfer because not all balance transfer credit cards have the same benefits.Total Amount AllowedBefore you consider shifting your balance, you should look at the total amount allowed. Some balance transfer credit cards limit your first transfer to $1,000 or less. If you have a higher amount on a higher interest credit card, you might not save much by transferring such a small amount. This small amount can also impact your credit score. The main credit bureaus look at the ratio you have of debt to available credit. Opening a new card that you instantly fill with a balance transfer can lower your credit score because it decreases your debt to available credit ratio.Balance Transfer FeesYou should also read the fine print for any fees relating to that transfer. Some credit card companies offer low cost balance transfers, but the company buries the information on fees in the terms of the contract. The company can add these fees in one of two ways. The first method involves charging a set fee based on the size of the transfer, which the company adds to your total amount. For example, if you transfer $1,000, your credit card balance shows a total of $1,100. The other method requires that you pay the fee upfront. For example, if you want to transfer $2,000 onto the card, the company makes you pay the fee for that transfer before it approves the transaction.Length of RateThe most important thing to keep in mind is the length of the terms. Most balance transfer credit cards offer an introductory rate that only applies for the first six months or the first year after making the transfer. If you do not pay off the card during that time frame, your interest rate suddenly rises. You might find that your interest rate doubles after the introductory period. Before you transfer your balance, make sure that you can pay off the total amount of the transfer within the introductory period.


What is the best way to do a credit card balance transfer?

Before you transfer your balance, read the fine print on your credit card agreement. Some agreements charge fees for balance transfers. After you have read the agreement and understand the possible charges you may face, gather all the necessary information about the card you want to transfer the balance from, call (or perhaps go online) the credit card company you wish to transfer your balance to, give them all the necessary information, and transfer your balance.

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