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The average interest rate on this type of card is about 14 percent. This of course varies by indivdual financial situation.

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Q: What is the average interest rate on a balance transfer credit card?
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Related questions

What are some advantages of a 0 balance transfer?

When you have a balance on your credit card, you are paying interest. If you can find a credit card with a lower interest rate and a 0% balance transfer, you will be saving money.


Why does a person keep transfer credit card balance to another before it catches up with him?

To transfer from a high interest credit card to a lower interest credit card


What company currently offers low interest balance transfer of other credit cards?

Discover is one company that offers low interest balance transfer of other credit cards. One can compare interest balance rates online at websites such as Nerd Wallet and Credit Cards.


Which credit cards offer a low interest balance transfer?

It depends on your situation. Usually Discover cards have a very low interest balance transfer available with the cards.


What are some providers of an interest free balance transfer credit card?

There are several good providers that provides interest free, balance transfer credit cards. For example, Chase bank and other banks might provide this.


Which credit cards offer the best low interest balance transfers?

There are many credit cards offering low interest balance transfers. For instance, certain credit cards by American Express, Capitol One, and Discover have great low interest balance transfer rates.


From where can one get a no interest balance transfer?

US Bank Visa Platinum Card has a 0% interest balance transfer, but it is only available within the first thirty days of opening a credit card account.


What is a balance transfer with regards to credit cards?

A balance transfer is when an amount owing on one credit card is transferred to another credit card. This is usually done to take advantage of lower interest charges. A credit card company usually specifies a minimum/maximum amount you can transfer.


What is the benefit of having a balance transfer credit card?

The benefit of having a balance transfer credit card is that they usually are issued with no fee and a very low to 0% interest rate for the first year. Someone would get this type of credit card to transfer other credit balances and thereby cutting down on the time it takes to pay off the high interest rate credit cards.


What is meant by balance transfer zero?

0% balance transfer means you can transfer a balance between credit cards and you will be charged 0% interest. Be careful when using these function as there exists a lot of room for fine print.


What are the best zero interest on balance transfers credit cards available on the market?

There are several zero interest on balance transfer credit cards available on the market. The best credit cards include Barclaycard, NatWest, and Virgin Money.


What exactly are balance transfer offers?

A credit card balance transfer is when someone opens a new credit card account to pay off an old one. The debt plus the interest is then owed to the new credit card company, who most times provides a grace period where a smaller amount of interest is charged on the transferred balance.