INTERVIEW QUESTIONS LOAN CREDIT CARD LOAN DETAILS

Question: What is Balance Transfer in case of Credit Cards?

Answer: Moving from one issuer to another with all unpaid credit card dues is called Balance transfer. To lure card holders away from their competitors in order to transfer their balances over to them and to ensure that their own customers stay within their fold, card issuers often offer attractive interest rates and payment facilities.

Moving from one issuer to another with all unpaid credit card dues is called Balance transfer. To lure card holders away from their competitors in order to transfer their balances over to them and to ensure that their own customers stay within their fold, card issuers often offer attractive interest rates and payment facilities. Source: CoolInterview.com

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