Balance Transfer

July 14, 2008

The process of moving an unpaid credit card debt from one issuer to another. Card issuers sometimes offer teaser rates to encourage balance transfers coming in and balance transfer fees to discourage them from going out.

Balance Transfer APR - annual percentage rate you pay on balances you transfer from other credit cards and may be different from the Regular APR.

Important Note! The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we can not guarantee the accuracy of the information in this article. Please verify all terms and conditions of any credit card prior to applying.

You are welcome to print a copy of any of our articles and distribute them for educational purposes. If you are a webmaster, you can post any of our articles on your site provided that you include a link to our site. Please click here for more information about free credit card articles.