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BT/Balance Transfer???

New Contributor

BT/Balance Transfer???

what is it and how does it work and what is the point? i see this on alot of posts and was curious...
Message 1 of 4
3 REPLIES
Established Contributor

Re: BT/Balance Transfer???

A balance transfer refers to the transfer of debt from one credit card to another.  Usually the reason is to save interest. 

Message 2 of 4
Established Contributor

Re: BT/Balance Transfer???

+1 namvet.. It can be a beautiful thing

Message 3 of 4
Highlighted
Frequent Contributor

Re: BT/Balance Transfer???

Moves money from a high interest account to a lower/zero interest promotional account.  Saves you $$ if you're carrying a balance.  Which you should to avoid anyway.


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