Glossary Terms: Balance Transfer

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Credit Card Applications » Glossary » Balance Transfer

Balance Transfer

A balance transfer lets customers transfer high-rate balances to a card with a lower APR, saving money on finance charges. Many balance transfer cards offer a zero-percent introductory APR that will remain in effect as long as payments are made on time, which can save card holders hundreds of dollars over the course of a year.

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Balance Transfer: Save on Average $1,400

May 08, 2015

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