A credit card balance transfer lets you move an existing credit card debt balance to a new credit card, which may allow you to take advantage of a lower interest rate. A 0% intro APR balance transfer credit card
A balance transfer is when you transfer an amount you owe from one or more credit cards to another1, so you can: Maximize your savings Consolidating high-interest credit card debt onto a BMO credit card with a lower interest rate helps you pay it off sooner and reduce interest charges. ...
Stay one step ahead of your balance – a lower interest rate makes this card an affordable way to finance those medium to large purchases you are making. Transfer higher rate balances and save even more Switch balances over from higher interest-rate credit cards to theScotiabank Value®Visa*...
Balance Transfer APR: The interest rate you owe on balances transferred from loans or other credit cards to the applicable credit card. For many cards, you begin with a low rate (even 0 percent) for a specified number of months before transitioning to the regular APR. Introductory APR: This...
More on balance transers Money transfer rate If you move money directly from your credit card’s available credit limit into a UK current account, this is a money transfer. You might also be charged a fee for this on top of your money transfer interest rate. ...
low interest low-interest credit cards the benefits of low interest rate credit cards if you have a credit card balance, you know how quickly the interest can add up. that's why a low interest rate credit card can be a valuable tool for saving money. here are some of the benefits of ...
Both options can reduce the overall rate you pay on your credit card debt. For example, many balance transfer cards come with introductory 0% APR periods that last between 12 and 21 months. By moving your high-interest debt to a balance transfer card, you can avoid paying interest ...
Balance transfer intro APR 0% intro APR on Balance Transfers for 21 months from account opening on qualifying balance transfers Regular APR 17.24%, 23.74%, or 28.99% Variable APR Annual fee $0 Rewards rate N/A Intro offer N/A Recommended credit score 690-850(Good - Excellent) Get your free...
A different interest rate often applies to a cash advance, which is typically higher than your standard credit card interest rate. And in some cases when you transfer a balance from one credit card to another, your balance transfer APR may differ from your purchase APR....
Should I close my credit card if I have a high interest rate? Learn when to say goodbye to your high-interest credit card and when to keep it. 6 min read Mar 19, 2025 How to do a balance transfer with Chase Find out everything you need to know about transferring a balance with...