InvestorQ : Someone in my office mentioned something called as the credit card balance transfer. What is this functionality?
Diya Chitale made post

Someone in my office mentioned something called as the credit card balance transfer. What is this functionality?

Answer
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seema Upadhyaya answered.
2 years ago


The credit card balance transfer is a service provided by banks or credit-providing entities wherein a user can transfer his/her outstanding credit balance from any credit card to a credit card which offers lower rates of interest.

This service helps you to repay debt at a lower rate of interest than what your first card was offering.