Credit Card Balance Transfer

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Definition: Credit Card Balance Transfer

Credit Card Balance Transfer
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Full Definition of Credit Card Balance Transfer

A transaction initiated by a consumer that involves the transfer of a debt balance from one credit card to another in order to reduce financing costs. The actual transfer is executed between credit card issuers with the receiving issuer charging a transfer fee for the transaction.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/credit-card-balance-transfer/
Modern Language Association (MLA):
Credit Card Balance Transfer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/credit-card-balance-transfer/.
Chicago Manual of Style (CMS):
Credit Card Balance Transfer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/credit-card-balance-transfer/ (accessed: April 20, 2024).
American Psychological Association (APA):
Credit Card Balance Transfer. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/credit-card-balance-transfer/

Definition Sources

Definitions for Credit Card Balance Transfer are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.