Duration 5700

Credit card balance transfer

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Published 3 May 2023

Join my Insta❤️Fam: https://Instagram.openinapp.co/aravindkaasu Join my 💙Telegram channel: https://t.me/aravindsuriya 🔷When you have outstanding balances on a credit card and are not able to pay it in full, you may opt for balance transfer facility on other bank’s credit card. 🔷Through balance transfer, banks/NBFCs allow you to transfer outstanding balances from other bank’s credit cards and save on the finance charges and other penalties. 🔷They may also offer 0% interest rates for a limited period or other deals on credit card balance transfer. How Credit Card Balance Transfer Works 🔷Cardholders may sometimes face one or more credit card debts that they are not able to pay at once. 🔷In this case, they may transfer the entire outstanding amount from all the credit card accounts to a single account. 🔷The balance transfer credit card that consolidates the outstanding amount usually charges a much lower interest rate as compared to the finance charges. 🔷Do note that certain card providers even offer 0% interest rate for a limited period. Who Should Apply for Credit Card Balance Transfer? 🔷Cardholders who are carrying significant amounts of debt at a high interest rate may apply for a balance transfer. 🔷This will help them pay off the debts without incurring hefty charges. 🔷Do note that balance transfer is best suited when the user can pay off the due amount within a few months. Source: Paisabazaar Hidden videos to grow📈 your YouTube Channel: https://vidiq.com/planfree Learn how to analyse🔎 your YouTube analytics for FREE: https://www.tubebuddy.com/learn100 My 🎒Kit: MAONO AU-A03 🎙️Condenser Mic (Black): https://amzn.to/3YIdnaa Ring 💡Light with Tripod Stand: https://amzn.to/3Z4RstL Boya M1 Mic🎤: https://amzn.to/4158XMc Poco📱 X3 Pro: https://amzn.to/3KiQzJR 3 Books you must read: The Disciplined 📈Trader: https://amzn.to/3EjxpQi The Psychology🧠 of Money: https://amzn.to/3lNsYXj The Richest🤴 Man in Babylon: https://amzn.to/3IvqQMV

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