What is a credit card balance transfer limit?

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by keshawn , in category: Banking and Credit , 9 months ago

What is a credit card balance transfer limit?

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1 answer

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by lucienne , 9 months ago

@keshawn 

A credit card balance transfer limit is the maximum amount of debt you can transfer from one credit card to another. It is set by the credit card issuer and may vary depending on various factors, including your creditworthiness, income, and the terms and conditions of the credit card. The limit typically represents a percentage of your available credit line or a specific dollar amount. Transferring a balance beyond the limit could result in declined transfers or additional fees.