What it means
Moving debt from one credit card to another, often at a lower rate for a promotional period.
Credit Cards
Balance Transfer
Moving debt from one credit card to another, often at a lower rate for a promotional period.
CategoryCredit Cards
Pro tip inside1 quick win
What “Balance Transfer” really means
The meaning, how it works in the UAE, and why it matters to your money.
How it works in the UAE
A balance transfer moves debt from one credit card to another, often at a lower rate for a promotional period, sometimes for a one-off fee.
Why it matters
It can cut the interest on existing debt and help you pay it off faster.
PRO TIPHave a plan to clear the balance before the promotional rate ends.
Test yourself
Which of these best describes Balance Transfer? Tap an answer.
Read more about Balance Transfer
Guides that use this term — and a tool to put it into practice.
