InvestorQ : Why should one transfer balance of credit card from one card to another?
Ashok Patkar made post

Why should one transfer balance of credit card from one card to another?

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Nishita Gala answered.
2 years ago
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Credit card balance transfer allows users to transfer their outstanding credit balance from any credit card to a credit card which offers them relatively lower rate of interest.

This facility can be used by a person who wants to repay huge amounts of pending credit card bills.

However, this transfer of credit card balance only makes sense if the bank you’re transferring your credit card balance to, offers a rate of interest lower than the card you are transferring from.
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