Definitions for "Balance Transfer"
The process by which you can move a credit card balance from one card to another.
The process of moving all or part of the outstanding balance on one credit card to another account. Credit card companies often offer special rates for balance transfers. Compare your credit card options online today.
Transferring balances from one credit card to another, usually to take advantage of a lower interest rate. Balance transfers are limited to the available credit on the receiving card.
a simple strategy that many people use in order to obtain the most appealing interest rate