A
balance transfer refers to the process of moving an amount of debt from one account to another, typically a credit card. This is often done to take advantage of lower interest rates or promotional offers. It helps in managing and consolidating debt in a more efficient way.
Full definition
Similar and related words and phrases are presented below.
«balance»
«transfer»
Related phrases
Phrases with «balance transfer»
Sentences with «balance transfer»
- Watch out for balance transfer fees though, as you'll need to factor these in when you determine whether it's worth doing the transfer. (thedigeratilife.com)
- There are a small handful of no - fee balance transfer cards on the market, but they are few and far between. (cardrates.com)
- If your credit card company will not lower your rates, explore competing offers for balance transfer credit cards. (creditflare.com)
- (see all
sentences)