You are here : HomeCredit EducationCredit Card Guides→What is a credit card balance transfer  
     
Credit Card Guides
What is a credit card balance transfer
Written by lifang   
April 22, 2008 16:28

credit card balance transfer simply means moving your debt from one card to another. It's often a good way to save money, as many credit card companies offer an interest free period on balance transfers to new customers.

You can even consolidate your debts by transferring the balance from more than one card. Or, you might find a lower interest rate than the one you are currently paying.