What is a Balance Transfer Credit Card?

A balance transfer card functions just like any other credit cards, but has the option of transferring balances from existing cards to your transfer card. The balance from the first card will then be counted as a balance on the new balance transfer card, and all rules and fees will come from the credit card company. Only one or several balances from existing credit cards can be transferred over, as long as they don’t exceed the credit limit set on the transfer credit card. Read more