What is a balance transfer?

WalletHub, Financial Company

@WalletHub • 06/26/18

A balance transfer means paying off the balance on your credit cards (or loans) by transferring them to another credit card account.

You can get more information from our guide on the balance transfer process here.

This answer was last updated on 06/26/18 and it was first published on 05/31/16. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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What is a balance transfer?

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