balance transfer
Moving owed amounts
A balance transfer moves debt from one credit card to another, typically to take advantage of a lower interest rate.
Credit card companies offer promotional rates—sometimes zero percent—to attract customers willing to transfer existing balances: I did a balance transfer to save on interest while paying down the debt.
Yearly borrowing cost
- introductory offerInitial discounted price
- teaser rateTemporary low introductory interest
- zero percentTotal lack, numerically
- standard rateDefault pricing level
Maximum allowed debt
- credit utilizationBorrowed portion of limit
- billing cycleRecurring invoicing timeframe
- processing timeDuration to complete computation
- available creditUnspent borrowing limit
Numerical measure of borrower reliability
- credit reportRecord of borrowing behavior
- credit historyRecord of past borrowing
- credit inquiryCheck of borrowing history
- applicationFormal request document
eligibility · qualification · credit check · minimum score · excellent credit · good standing · preapproval
Combining multiple balances owed
- debt managementOrganizing repayment of obligations
- financial planningOrganizing future monetary goals
- debt snowballRepayment by ascending balance
- debt reductionDecreasing money owed
Recurring yearly charge
- interest chargesFees on borrowed funds
- hidden feesConcealed additional costs
- cost analysisSystematic review of expenses
- total costComplete expenditure required
APR
Yearly borrowing cost
- introductory offerInitial discounted price
- teaser rateTemporary low introductory interest
- zero percentTotal lack, numerically
credit limit
Maximum allowed debt
- credit utilizationBorrowed portion of limit
- billing cycleRecurring invoicing timeframe
- processing timeDuration to complete computation
credit score
Numerical measure of borrower reliability
- credit reportRecord of borrowing behavior
- credit historyRecord of past borrowing
- credit inquiryCheck of borrowing history
application · eligibility · qualification · credit check · minimum score · excellent credit · good standing · preapproval
debt consolidation
Combining multiple balances owed
- debt managementOrganizing repayment of obligations
- financial planningOrganizing future monetary goals
- debt snowballRepayment by ascending balance
annual fee
Recurring yearly charge
- interest chargesFees on borrowed funds
- hidden feesConcealed additional costs
- cost analysisSystematic review of expenses
- credit cardscredit card, loyalty card, cardholder, cashback offers, card number
- bankingbank, banks, ATM, ATMs, account
- debtdebt, creditor, owe, debtor, lender
- transfershandoff, hand off, handover, relay, baton pass
- credit termsloans, installment loan, credit limits, monthly payment, credit cards
- money transfersdirect deposit, EFT, remittance, payroll deposit, money order
balance transferdebt repayment
Satisfying financial obligations
principal payment · direct payment · cash advance · lump sum payment · debt settlement
balance, transfer, balances, balanced, balancing, balancer, imbalance, unbalanced, counterbalance