A balance transfer occurs when the outstanding balance of one credit card (or several credit cards) is moved to another credit card account. This is often done by consumers looking for a lower interest rate. Many credit card issuers offer introductory balance transfer APRs that are lower than the standard rates. Balance transfers usually have fees. [..]

Definition A transfer of debt from one credit card to another. The most common reason this is done is to reduce the interest rate being paid.

The movement of a credit card balance from one credit card to another credit card.

Credit card companies like MBNA offer balance transfers, so you can move outstanding balances to another card. A fee is normally charged for this service, usually as a percentage of the amount you wan [..]

The process of moving an unpaid credit card balance from one issuer to another.

Moving unpaid credit card debt from one lender to another is called a balance transfer. Often, credit card companies offer favorable interest rates and payment facilities to attract customers from com [..]

The movement of the amount owing from one account to another account. A credit card balance transfer, for example, involves the movement of the amount owed on one or more credit cards to another account or institution, usually for the purposes of consolidating debt and/or taking advantage of better interest rates and/or payment terms.

A balance transfer is the movement of a debt balance from one credit card account to another. Credit card companies often try to lure in new customers by offering low interest rates on balance transfe [..]

Transfer of outstanding balance in an account to another account is balance transfer. Balance transfer can be from one credit card to another. The purpose of balance transfer is to obtain a lower inte [..]

No more debt - instant 0% interest

Balance transfer is a process of moving an unpaid balance o r loan from a high interest regime to a low interest loan. Balance transfer, involves paying a small fee which is a percentage of total outstanding loan amount- called the balance transfer fees.

The process of transferring a balance from one credit card to another card. Usually this is done when one card has a better interest rate than the other.

Repayment of one credit debt with another credit source.

A balance transfer is when you move balances from one credit or store card onto another. This could be in order to move your credit onto a better interest rates. Sometimes credit card companies offer enticing rates (i.e. 0% interest for six months) to encourage you to become a customer.

The process of moving an outstanding balance from one credit card to another. Typically done to obtain a lower interest rate on the outstanding balance.

means a transfer of the outstanding balance of a credit card with another financial institution to an American Express Credit Card Account, in accordance with Section 10 of the Credit Card Conditions. [..]

The calculation basis for funded accounts. The system calculates the maximum amount for the balance transfer from the value of the balance determination basis and the maximum percentage rate.

The dependency between a funding and a funded account for the transfer of balances. The relationship is realized as a master contract with the balance transfer feature by two (or more) participating a [..]

The rating adopted by a master contract within a many-to-many balance transfer relationship (n:m relationship).

A dependency between funding and funded accounts, whereby a balance transfer relationship exists between exactly one funded account and any number of funding accounts. None of the participating accoun [..]

A dependency between funding and funded accounts, whereby a balance transfer relationship exists between exactly one funding account and one funded account. None of the participating accounts is invol [..]

Control parameter that adjusts the calculation base for the interest calculation of a funding account. The extent of the adjustment depends on the percentage rate for the calculation base adjustment.

The amount of a funding account that has been transferred to a funded account without changing the available amount.

A calculation field with which the system calculates the proportional maximum amount for the balance transfer.

The maximum amount that can be transferred from one (or more) funding accounts to a funded account within a balance transfer relationship during a balance transfer run.

Minimum value that the balance of an account must reach for a balance transfer before the system posts the transfer.

A dependency between funding and funded accounts, whereby a balance transfer relationship exists between any number of funded accounts and any number of funding accounts. While a funding account can p [..]

An account that profits from the balance of one or more funding accounts when the debit interest is calculated.

A checking or savings account whose balance is used to reduce the calculation basis of a loan account. During a balance transfer the system adheres to defined rules (such as the ranking of the funding [..]

The importance that a funding account (such as savings account) adopts within a one-to-many balance transfer relationship (1:n relationship).

A report that is executed periodically to virtually transfer the balances between accounts participating in a master contract, taking the value date into consideration. The role of the account control [..]