A balance transfer credit card can be used for the consolidation or moving of debt, from one or more other credit cards.
Many balance transfer credit card deals offer low or zero percent introductory rates of APR for money transferred from other cards, making it highly beneficial for those who wish to reduce their credit card debt interest payments. In many cases fees and conditions apply to the transferring of debt, but this is usually offset through the amounts saved by the lack of interest on the money over a certain period.
Credit card holders are advised to check the terms and conditions of balance transfer credit cards in detail, to prevent any surprises.
Disclaimer All credit card APRs, features, charges, benefits and other information listed by Fair Investment Company Ltd represent the most recent information available at the time of writing. Every effort is made to keep the site accurate, however we cannot guarantee that a credit card issuer has not increased or decreased one or more of the APRs or fees/charges associated with a particular card or changed its features, obligations or benefits. Please be sure to read balance transfer credit card agreement fully and carefully before making any agreement.