Can I use a balance transfer check to pay off another credit card?

by lynn.runolfsdottir , in category: Banking and Credit , 9 months ago

Can I use a balance transfer check to pay off another credit card?

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1 answer

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by andy , 9 months ago

@lynn.runolfsdottir 

Yes, you can use a balance transfer check to pay off another credit card. A balance transfer check is usually offered by credit card companies as a promotional tool to incentivize customers to switch their balances to their card. The check can be used to pay off the balance on another credit card, effectively transferring the debt to the new card. However, it is important to note that balance transfer checks often come with fees and promotional interest rates, so it is important to read the terms and conditions carefully before using them.