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.
Glossary Terms: Balance Transfer
ADVERTISING DISCLOSURE
ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site.
Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site.
Compensation from our advertising partners impacts how and where their products appear on our site,
including, for example, the order in which they may appear within review lists.
Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Balance Transfer
Add to Favorites:
Email you:
Related Terms
Application Processing Fee
A one-time upfront fee that is charged by a bank or issuer of credit cards to your bank account when you submit your application for a…
A global payments technology company, which provides consumers, businesses, financial institutions, and governments with access to the…
MasterCard
A credit card issuing network that is accepted worldwide, MasterCard partners with banks to issue credit cards, debit cards, and prepaid…
Some credit cards come with an “instant decision” – that is, they allow a customer to apply online, filling in all relevant…
Our Experts about Credit Card Basics
LATEST NEWS:
More news
LATEST FAQS:
What are the advantages of being an Accepted Platinum cardholder, and how can I make purchases with an account? I have a GasBuddy Credit Card, but it doesn't help me save money on gas purchases, for example, at Exxon Mobil. What credit card with gas rewards can recommend to me instead of my GasBuddy card? Can I use my Gordmans credit card anywhere? Will I receive bonuses while shopping at other favorite stores? More FAQs
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Enter your e-mail address to subscribe to the latest CreditLand news, articles, and expert advice for FREE.
CreditLand will never share your e-mail address with any third parties.
You may unsubscribe at any moment by simply clicking the Unsubscribe link in any of CreditLand's newsletters.
CreditLand will never share your e-mail address with any third parties.
You may unsubscribe at any moment by simply clicking the Unsubscribe link in any of CreditLand's newsletters.
Search Terms by:
Type the term you want to find:
Choose Terms Category:
- Interest Rates & Fees (28 Terms)
Last Update: July 11, 2016 - Credit Card Basics (10 Terms)
Last Update: September 25, 2013 - Reward Program (8 Terms)
Last Update: September 25, 2013 - Credit History (7 Terms)
Last Update: September 25, 2013 - Using Credit Card (5 Terms)
Last Update: September 25, 2013 - Card Types (4 Terms)
Last Update: September 25, 2013
Balance Transfer: Save on Average $1,400
May 08, 2015