Balance Transfer definition

Balance Transfer means a transfer of the debit balance on any credit card held with any credit card issuer or any account with other banks (other than the Bank) to a Card Account;
Balance Transfer means a Transaction where you request us to transfer any balance that is owed on another credit card account to the Account. The other credit card account cannot be an account with the Bank. A Balance Transfer is treated as a Cash Advance. We may offer you a promotional interest rate on a Balance Transfer, but if we do not, then the annual interest rate that applies on the Account for Cash Advances applies to that Balance Transfer. If you accept a promotional offer on a Balance Transfer, this Agreement will continue to apply to that Balance Transfer and any additional terms we set out in the promotional offer will also apply to that Balance Transfer.
Balance Transfer means when you use your Credit Card to transfer balances you owe to another credit card provider to the Account with our agreement.

Examples of Balance Transfer in a sentence

  • In connection with Cash Advances and Balance Transfers, the first monthly billing statement after you receive a Cash Advance or Balance Transfer will include an Interest Charge from the date the transaction is posted to your Account.

  • If the Cash Advance and Balance Transfer portion of the New Balance and the Interest Charge applicable thereto are not paid in full and credited to the Account by the “Payment Due Date” shown on the first monthly billing statement to which the Cash Advance and Balance Transfer is billed, any balance remaining becomes a part of the “Previous Balance” on Cardholder’s next periodic statement and is computed as part of the Average Daily Balance for Purchases.

  • Balance Transfer transactions are subject to a Balance Transfer Fee FINANCE CHARGE of two percent (2.00%) of the amount of the Balance Transfer that is posted to the Account during the billing cycle.

  • The second (2nd) component of the FINANCE CHARGE is the Balance Transfer Fee.

  • However, Balance Transfer Fee shall not be less than $5.00 or greater than $50.00 for each Balance Transfer.


More Definitions of Balance Transfer

Balance Transfer means a transfer of funds to another creditor initiated by us at your request. A Balance Transfer does not include a transaction that is otherwise a Cash Advance, except that any direct deposit completed at the time of your application for this Account will be treated as a Balance Transfer. Balance Transfers include Transaction Fees and adjustments associated with any Balance Transfer.
Balance Transfer means a cash advance transaction in which you borrow money on your account to pay the outstanding balance on another creditcard or loan with another financial institution.
Balance Transfer means a transfer of a debit balance which You owe to another financial institution and which We have agreed to accept and debit to Your Account.
Balance Transfer means the facility of transferring outstanding balances from another credit card held by the Cardholder with another bank, financial institution or credit card issuer to the Card Account, subject to the Balance Transfer terms and conditions applicable at the time of application for Balance Transfer.
Balance Transfer means a transfer to the Account of an amount in sterling outstanding by you or an Additional Cardholder under an agreement with another lender;
Balance Transfer means the settlement or transfer of all or any part of the outstanding balance of the credit card issued by another bank or financial institution to the Cardholder by debit to his Card Account.
Balance Transfer means either: