Money transfer to india rates: Money transfer credit card: Transfer money from credit card to bank account

The term balance transfer is used quite commonly when it comes to borrowing. Whether it’s a home loan or a credit card, you are given the option of a balance transfer. In simple terms, balance transfer in credit cards means you transfer the amount you owe on one card to another card. This way, you have already paid off one card, which is a burden lifted off your shoulders. One reason why people opt for balance transfer from one card to another is that the second card may have a lower interest rate, making it less expensive to pay the card back.

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