 Posted: 2008-01-25 09:04 Post subject: ignismmak: balance transfer |
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| A balance transfer credit card is the act of transferring debt from one credit card to another assuming the newer card has better terms and rates. The balance transfer offer consists of 3 elements, offer rate, offer duration, and transaction fee.
There are usually 3 types of offers by rate and duration: Purchase rate, teaser rate, and fixed life of loan rate. |
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