FINANCEasituationin whichdebton acreditcardismovedto a differentcard, usually to get abetterinterestrate:The way to refinance credit-carddebtis through abalancetransfer.balancetransferrate/offer(Definition ofbalance transferfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofbalance transfer
balance transferAbalancetransferof the debt to a low rate or zero percent credit card can help alleviate the stress of long-term debt-lag.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Inactive lines are being eliminated, zero percentbalancetransferoffers are shortened, and credit limits have been reduced.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.In this case, the stoozer will only rarely employ an actualbalancetransferin its precise sense of swapping debts.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.They are commonly used for the application of balance transfers, and they may or may not apply to cash advances.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.By offering a range of financial incentives, such as free balance transfers or interest free periods, a company may hope to attract new customers.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The stoozer may therefore concentrate on one method for building their balances (for example by use of super balance transfers) and quite separate methods for repaying them.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Here a card which allows no fee balance transfers from a bank account can be used to route 0% debt from other cards directly into a bank account.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/balance-transfer##
