The main
purpose of a balance transfer credit card is to consolidate existing debt.
The main
purpose of a balance transfer credit card is to pay off debt.
The purpose of a balance transfer credit card is to allow one to save on interest payments when they currently have a card with a high interest rate and a large balance.
Not exact matches
For Parents, Family and Friends: CHOOSE ANY
OF THESE SERVICES - Visa ® Debit Card - Free checking, cash - back rewards, 1000 free ATMs, free Mobile Banking - Visa ® Credit Card - Free balance transfers, low rates, cash - back rewards - Auto Loans - Low rates on purchase or refinances - Home Equity Lines of Credit - Low rates for home improvements, tuition, weddings or other special purpose
OF THESE SERVICES - Visa ® Debit
Card - Free checking, cash - back rewards, 1000 free ATMs, free Mobile Banking - Visa ®
Credit Card - Free
balance transfers, low rates, cash - back rewards - Auto Loans - Low rates on purchase or refinances - Home Equity Lines
of Credit - Low rates for home improvements, tuition, weddings or other special purpose
of Credit - Low rates for home improvements, tuition, weddings or other special
purposes.
In addition, opening a
credit card for the
purpose of transferring a
balance will reduce the average age
of your
credit accounts (ding), and if you close a
credit card account from which you're
transferring a
balance, you will further reduce the average age and also the maximum age
of your
cards (ding and ding).
And when plastic wasn't an option — e.g., for a deposit on our apartment, or my share
of expenses for a friend's bachelor party — we used those dastardly checks that
credit card companies like to send you in the mail for
balance transfers and other
purposes.
Balance transfer — The
purpose of this method is to roll a high - interest debt to a 0 % interest
credit card.
The following transactions are excluded from earning points: BPAY transactions, payments to the Australian Taxation Office (effective 2/11/2015) unless made using a Business Awards
card, balance transfers, cash advances (including a transaction treated by the Bank as a cash advance, for example, utility bills paid in person at a bank), purchases of foreign exchange, credit card insurance premiums, travellers cheques, interest charges, Qantas Frequent Flyer Direct fees, Bank fees, Card account payments, transactions deemed by the Bank to be for business purposes (excluding transactions on Business Awards, Business Gold Awards and Business Platinum Awards cards) and any other transactions which may from time to time be excluded by the B
card,
balance transfers, cash advances (including a transaction treated by the Bank as a cash advance, for example, utility bills paid in person at a bank), purchases
of foreign exchange,
credit card insurance premiums, travellers cheques, interest charges, Qantas Frequent Flyer Direct fees, Bank fees, Card account payments, transactions deemed by the Bank to be for business purposes (excluding transactions on Business Awards, Business Gold Awards and Business Platinum Awards cards) and any other transactions which may from time to time be excluded by the B
card insurance premiums, travellers cheques, interest charges, Qantas Frequent Flyer Direct fees, Bank fees,
Card account payments, transactions deemed by the Bank to be for business purposes (excluding transactions on Business Awards, Business Gold Awards and Business Platinum Awards cards) and any other transactions which may from time to time be excluded by the B
Card account payments, transactions deemed by the Bank to be for business
purposes (excluding transactions on Business Awards, Business Gold Awards and Business Platinum Awards
cards) and any other transactions which may from time to time be excluded by the Bank.
However, if you can benefit from
transferring high - interest
credit card balances without paying fees, taking 15 months
of 0 % APR to pay it down and utilizing Chase's creative payment options to do so, you'll be using the
card for its intended
purpose.