The content is accurate at the time of publication and is subject to change.

Unlike a few other loans, the interest rates on credit cards a extremely high, to ensure the bank acquires a new customer they provide a lower interest rate for the balance transfer that occurs. Consumers on the other hand benefit from this feature too as they can pay out the outstanding credit at a better interest rate.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.