All > Business > Finance > Personal Finance > Consumer Credit > Credit Card

• You make a balance transfer when you use a balance transfer check that we send you or when you contact us to transfer a balance electronically or by phone.

  Consumer Financial Protection Bureau - Cite This Source - This Definition
  ×

  Cite Definition for Balance Transfer

  American Psychological Association (APA)

  Balance Transfer. (n.d.). Definition of Credit Card Terms. Retrieved December 1, 2022, from website: http://www.expertglossary.com/definition/balance-transfer.

  Chicago Manual of Style (CMS)

  Balance Transfer. www.consumerfinance.gov. Definition of Credit Card Terms. Consumer Financial Protection Bureau. http://www.expertglossary.com/definition/balance-transfer (accessed: December 1, 2022).

  Modern Language Association (MLA)

  "Balance Transfer." Definition of Credit Card Terms. Consumer Financial Protection Bureau. 1 December. 2022 http://www.expertglossary.com/definition/balance-transfer.

• The act of transferring debt from one credit card account to another. Balance-transfer fees may apply.

  Board of Governors of the Federal Reserve System - Cite This Source - This Definition
  ×

  Cite Definition for Balance Transfer

  American Psychological Association (APA)

  Balance Transfer. (n.d.). Credit Card Consumer's Guide. Retrieved December 1, 2022, from website: http://www.expertglossary.com/definition/balance-transfer.

  Chicago Manual of Style (CMS)

  Balance Transfer. www.federalreserve.gov. Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. http://www.expertglossary.com/definition/balance-transfer (accessed: December 1, 2022).

  Modern Language Association (MLA)

  "Balance Transfer." Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. 1 December. 2022 http://www.expertglossary.com/definition/balance-transfer.

• Browse Related Terms: Annual Percentage Rate (APR), Balance Transfer, Balance-transfer fee, Cash-advance fee, Interest rate, Membership fee, Participation fee

Also listed in:

• All > Business > Banking
• All > Business > Finance > Personal Finance