Reply
New Contributor
GABrown
Posts: 55
Registered: ‎10-23-2012
0

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...

IN MY PURSE- BankAmericard Cash Rewards Platinum Plus Visa
IN THE GARDEN UNTIL 11/2013
TU-638
EXP-565
EQX-540
Established Contributor
namvet
Posts: 866
Registered: ‎09-22-2011
0

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. 

Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012
0

Re: BT/Balance Transfer???

+1 namvet.. It can be a beautiful thing

Frequent Contributor
somnipotent
Posts: 367
Registered: ‎06-02-2008
0

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.


AmEx PRG (NPSL) | AmEx Costco ($8.2K) | AmEx Delta Gold ($19.3K) | AmEx BCE ($5K) | Chase United Explorer ($10K) | Chase Sapphire Preferred ($7.5K) | Chase Freedom ($8.2K) | Discover it ($3K) | Capital One Quicksilver ($2.5K) | PayPal Extras ($2.5K) | Lowes ($3.3K) | Walmart ($4.3K) | Amazon ($2.5K) | Restoration Hardware ($8.8K) | Crate & Barrel ($8.3K)
--
Homeowner since 05/29/13

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+