Promotional balance transfer
Cards & borrowingA balance transfer offer with a low or 0% promotional rate.
Overview
Promotions are time-limited and may include transfer fees.
After the promo period, the standard rate applies.
Why it matters
- It can reduce interest costs.
- It is most effective with a clear repayment plan.
- Fees and end dates must be considered.
FAQs
Is a promotional transfer always cheaper?
Not always. Fees and future rates can change the total cost.
Can I transfer multiple balances?
Often yes, within your transfer limit.
Related terms
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