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.
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This offer is a trap. Once you have you begin paying off your balance, the one with the lowest APR balance will be paid off first, defeating the purpose of this low APR balance.
There are a couple companies that offer a 0 percent balance transfer. Some of these companies are Discover, BankRate and Nerdoffer. 0 percent balance offer isn't something that is recommended.
A credit card transfer offer is when you transfer your balance from one credit card to another, and get a lower APR as a result. For instance, Capital One might offer 0% APR if you transfer the balance from say, your Wells Fargo card to your Capital One card.
Need a card balance transfer credit card and wondering which companies offer them? There are many companies offering a card balance transfer credit card including but not limited to Discover card, Capital one and Venture rewards.
It's when you transfer your balance (or part of your balance) in an account to another account. Usually the accounts are in separate financial institutions. Although it applies mainly for credit cards, other financial product may also offer balance transfer.