How does credit card balance transfer in an office work?

How does credit card balance transfer in an office work?
by

1 Answer

Answer :

Credit card balance transfers are essentially when a credit card holder starts a new credit card to pay off whatever debts and charges the owner may have on the old credit card. The charges from the old credit card get transferred to the new credit card and a grace period occurs which is basically a lower interest rate at the beginning of the transfer. It is safe but only if the person makes sure to read the details the new credit card company has regarding the transfer.
by

Related questions

How do I transfer the balance on my credit cards?

Description : How do I transfer the balance on my credit cards?

Last Answer : You will have to talk to you credit card company. They will be able to assist you in transferring your balance on your credit cards.

Is there an online site that I can do a comparison of balance transfer offers amongst a variety of credit cards?

Description : Is there an online site that I can do a comparison of balance transfer offers amongst a variety of credit cards?

Last Answer : Yes, you can find online sites that list credit card offering balance transfer. The following is one such site. http://www.creditcardcompare.com.au/balance-transfer-credit-cards.php

If you have a loan or credit card balance, and you pay over the minimum due, whatever you pay over goes directly to the principal, right?

Description : If you have a loan or credit card balance, and you pay over the minimum due, whatever you pay over goes directly to the principal, right?

Last Answer : answer:The longer you have the debt the more interest you pay as each month more interest is added. If you only pay the minimum you will have the debt for much longer and you will pay more interest. The ... . Even I you pay the loan of early you will stay pay the interest for the full loan period.

Does paying off a settlement on your credit card balance harm your credit rating?

Description : Does paying off a settlement on your credit card balance harm your credit rating?

Last Answer : No

PayPal question: When buying something, how can I choose to use a credit card as opposed to my PayPal balance?

Description : PayPal question: When buying something, how can I choose to use a credit card as opposed to my PayPal balance?

Last Answer : Isn’t there an option to choose card? I swear from memory theres a link you can click to choose alternative payment!

How long should I wait to pay the balance on my credit card?

Description : How long should I wait to pay the balance on my credit card?

Last Answer : Your friend is wrong in just about every way a person could be wrong about this topic. Pay it off immediately.

Which would be better to do, pay of a closed credit card that is at a good rate or pay off the open credit card that has a much higher interest rate Both cards have a large balance.?

Description : Which would be better to do, pay of a closed credit card that is at a good rate or pay off the open credit card that has a much higher interest rate Both cards have a large balance.?

Last Answer : It is better to pay off the open card that has the higher interest rate.

If you have a credit card with a balance of 754.43 at a 13.6 APR. If you have 300.00 available each month to save or pay down your debts. a. How many months will it take to pay off the credit card if?

Description : If you have a credit card with a balance of 754.43 at a 13.6 APR. If you have 300.00 available each month to save or pay down your debts. a. How many months will it take to pay off the credit card if?

Last Answer : It will be paid off after 4 months of payments. In total you will pay $1,056.53, which is $302.10 in interest. Remember kids, use your credit wisely.

Which of the following is a method of transferring money from one person's account to another? a. electronic check b. credit card c. e‐transfer d. none of the above

Description : Which of the following is a method of transferring money from one person's account to another? a. electronic check b. credit card c. e‐transfer d. none of the above

Last Answer : a. electronic check

I just bought a new SmartChip for my prepaid AT&T go phone service,is there any way that i can transfer my balance form the old SmartChip to the new one?

Description : I just bought a new SmartChip for my prepaid AT&T go phone service,is there any way that i can transfer my balance form the old SmartChip to the new one?

Last Answer : I’d like to know the answer too.

I tried to transfer balance from one Robi SIM to another Robi SIM but it says "You are not registered". The question is how to register ? I tried transferring balance from one Robi SIM to another Robi SIM but it says "You are not registered". The question is how to register ??

Description : I tried to transfer balance from one Robi SIM to another Robi SIM but it says "You are not registered". The question is how to register ? I tried transferring balance from one Robi SIM to another Robi SIM but it says "You are not registered". The question is how to register ??

Last Answer : Balance transfer rules. To transfer the balance for the first time, type the amount in the message option and send the number of the recipient of 1212 balance. . For example , write 30 and ... Robi Balance Transfer Service. This service can be used from any Robi pre-paid or post-paid connection.

Which one of the following items is not included in the current account of India's Balance of Payments? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

Description : Which one of the following items is not included in the current account of India's Balance of Payments? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

Last Answer : (2) Non-monetary gold movements Explanation: Balance of payments (BoP) accounts are an accounting record of all monetary transactions between a country and the rest of the world. These ... factor income (earnings on foreign investments minus payments made to foreign investors) and cash transfers.

Which of the following options correctly explains the term heat budget? (1) It is a mode of transfer of heat through matter by molecular activity. (2) It is the balance between incoming and outgoing radiation. (3) It is the radiation from the earth in the form of long waves. (4) It is the amount of heat which the surface of earth receives from the sun.

Description : Which of the following options correctly explains the term heat budget? (1) It is a mode of transfer of heat through matter by molecular activity. (2) It is the balance between incoming and outgoing radiation. ... waves. (4) It is the amount of heat which the surface of earth receives from the sun.

Last Answer : (2) It is the balance between in-coming and outgoing radiation. Explanation: Incoming heat being absorbed by the Earth, and outgoing heat escaping the Earth in the form of radiation are both ... each passing year. This balance between incoming and outgoing heat is known as Earth's heat budget.

The Aadhaar-Enabled Payment Systems(AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar authentication number. Aadhaar enabled basic types of banking do not include A. Balance Enquiry B. Cash Withdrawal C. Online Payment D. Cash Deposit E. Aadhaar to Aadhaar funds transfer

Description : The Aadhaar-Enabled Payment Systems(AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar ... . Cash Withdrawal C. Online Payment D. Cash Deposit E. Aadhaar to Aadhaar funds transfer

Last Answer : C. Online Payment Explanation: Services Offered by AEPS: Balance Enquiry Cash Withdrawal Cash Deposit Aadhaar to Aadhaar Fund Transfer Gateway Authentication Services

Economy of a multiple effect evaporator depends upon the (A) Heat balance consideration (B) Rate of heat transfer (C) Both (A) and (B) (D) Neither (A) nor (B

Description : Economy of a multiple effect evaporator depends upon the (A) Heat balance consideration (B) Rate of heat transfer (C) Both (A) and (B) (D) Neither (A) nor (B

Last Answer : (A) Heat balance consideration

“The entropy change of a system during a process is equal to the net entropy transfer through the system boundary and the entropy generated within the system”. This statement is known as:  A. Entropy generation  B. Entropy change of a system  C. Entropy balance relation  D. Third law of thermodynamics

Description : The entropy change of a system during a process is equal to the net entropy transfer through the system boundary and the entropy generated within the system . This statement is known as:  A. Entropy ...  B. Entropy change of a system  C. Entropy balance relation  D. Third law of thermodynamics

Last Answer : Entropy balance relation

Which of the following options correctly explains the term heat budget? (1) It is a mode of transfer of heat through matter by molecular activity. (2) It is the balance between incoming and outgoing radiation (3) It is the radiation from the earth in the form of long waves. (4) It is the amount of heat which the surface of earth receives from the sun.

Description : Which of the following options correctly explains the term heat budget? (1) It is a mode of transfer of heat through matter by molecular activity. (2) It is the balance between incoming and outgoing radiation ... waves. (4) It is the amount of heat which the surface of earth receives from the sun.

Last Answer :  It is the balance between incoming and outgoing radiation

Which one of the following items is not included in the current account of India’s Balance of Payments ? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

Description : Which one of the following items is not included in the current account of India’s Balance of Payments ? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

Last Answer : Non-monetary gold movements

Why would a transaction marked "credit" with a positive value deduct from my available balance at the bank?

Description : Why would a transaction marked "credit" with a positive value deduct from my available balance at the bank?

Last Answer : If your bank hasn’t verified the funds from the entity giving you the credit yet, they won’t make it available for you to access.

If the trial balance shows a short credit the suspense account will have a _______ balance. 

Description : If the trial balance shows a short credit the suspense account will have a _______ balance. 

Last Answer : If the trial balance shows a short credit the suspense account will have a _______ balance. (a) debit (b) zero (c) credit (d) nil

Credit balance in the Pass Book represents _____________ 

Description : Credit balance in the Pass Book represents _____________ 

Last Answer : Credit balance in the Pass Book represents _____________ (a) overdraft (b) bank balance (c) loan borrowed (d) negative

What does the credit balance of Cash Book indicate?

Description : What does the credit balance of Cash Book indicate?

Last Answer : What does the credit balance of Cash Book indicate?

A Debtors A/c always show a credit balance.

Description : A Debtors A/c always show a credit balance.

Last Answer : State whether the following statement are ‘True or False’ with reason : A Debtors A/c always show a credit balance.

When the total of debit side of an account exceeds credit side, it is called __________ balance. 

Description : When the total of debit side of an account exceeds credit side, it is called __________ balance. 

Last Answer : When the total of debit side of an account exceeds credit side, it is called __________ balance. (a) Debit (b) Credit (c) Nil (d) Real

Excess of debit total of an account over it’s credit total indicates _____________ balance. 

Description : Excess of debit total of an account over it’s credit total indicates _____________ balance. 

Last Answer : Excess of debit total of an account over it’s credit total indicates _____________ balance. (a) Negative (b) Positive (c) Debit (d) Credit

(i) A bound book of Account. (ii) The credit balance of the Bank Account.

Description : (i) A bound book of Account. (ii) The credit balance of the Bank Account.

Last Answer : Write the word, term, phrase, which can substitute each of the statement : (i) A bound book of Account ... . (v) The right-hand side of an account.

What do you mean by Credit Balance?

Description : What do you mean by Credit Balance?

Last Answer : What do you mean by Credit Balance?

Is the AR on balance sheet credit or debit account?

Description : Is the AR on balance sheet credit or debit account?

Last Answer : Feel Free to Answer

I had filed for bankruptcy 2yrs ago and it was dismissed. I have a zero balance on a auto loan that shows on my credit report. Do I still have to make my car payments?

Description : I had filed for bankruptcy 2yrs ago and it was dismissed. I have a zero balance on a auto loan that shows on my credit report. Do I still have to make my car payments?

Last Answer : If you reaffirmed your car loan during your bankruptcy, you agreed to continue making the payments. If you included your car in the bankruptcy, then the loan was wiped clean, as it appears to have ... the lawyer who handled your bankruptcy, but my guess is that your car slipped through the cracks.

Government grants related to income as per the Accounting Standard (AS)-12 should be– (A) Presented as a credit in the statement of Profit and Loss (B) Presented as a deferred income on the asset side of the balance sheet (C) Presented as a capital grant on the liability side of balance sheet (D) Presented both in the Profit and Loss statement and in the balance sheet

Description : Government grants related to income as per the Accounting Standard (AS)-12 should be- (A) Presented as a credit in the statement of Profit and Loss (B) Presented as a deferred income on the asset ... of balance sheet (D) Presented both in the Profit and Loss statement and in the balance sheet

Last Answer : Answer: Presented both in the Profit and Loss statement and in the balance sheet

The Freight-in account a. increases the cost of merchandise purchased. b. is contra to the Purchases account. c. is a permanent account. d. has a normal credit balance

Description : The Freight-in account a. increases the cost of merchandise purchased. b. is contra to the Purchases account. c. is a permanent account. d. has a normal credit balance

Last Answer : a. increases the cost of merchandise purchased.

Which of the following accounts has a normal credit balance? a. Sales Returns and Allowances b. Sales Discounts c. Sales d. Selling Expense

Description : Which of the following accounts has a normal credit balance? a. Sales Returns and Allowances b. Sales Discounts c. Sales d. Selling Expense

Last Answer : c. Sales

ncome Summary has a credit balance of $12,000 in J. Sawyer Co. after closing revenues and expenses. The entry to close Income Summary is a. credit Income Summary $12,000, debit Retained Earnings $12,000. b. credit Income Summary $12,000, debit Dividends $12,000. c. debit Income Summary $12,000, credit Dividends $12,000. d. debit Income Summary $12,000, credit Retained Earnings $12,000.

Description : ncome Summary has a credit balance of $12,000 in J. Sawyer Co. after closing revenues and expenses. The entry to close Income Summary is a. credit Income Summary $12,000, debit Retained Earnings ... 000, credit Dividends $12,000. d. debit Income Summary $12,000, credit Retained Earnings $12,000.

Last Answer : d. debit Income Summary $12,000, credit Retained Earnings $12,000.

Speedy Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The correcting entry is a. debit Cash, $940; credit Accounts Receivable, $940. b. debit Cash, $450 and Accounts Receivable, $490; credit Service Revenue, $940. c. debit Cash, $450 and Service Revenue, $490; credit Accounts Receivable, $940. d. debit Accounts Receivable, $940; credit Cash, $450 and Service Revenue, $490.

Description : Speedy Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The ... Receivable, $940. d. debit Accounts Receivable, $940; credit Cash, $450 and Service Revenue, $490.

Last Answer : c. debit Cash, $450 and Service Revenue, $490; credit Accounts Receivable, $940.

If Income Summary has a credit balance after revenues and expenses have been closed into it, the closing entry for Income Summary will include a a. debit to the retained earnings account. b. debit to the owner’s dividends account. c. credit to the retained earnings account. d. credit to the owner’s dividends account.

Description : If Income Summary has a credit balance after revenues and expenses have been closed into it, the closing entry for Income Summary will include a a. debit to the retained earnings account. b. debit ... . c. credit to the retained earnings account. d. credit to the owner's dividends account.

Last Answer : c. credit to the retained earnings account.

Premium received on issue of shares is shown on-----------. A. asset side of the balance sheet B. liability side of the balance sheet C. credit side of the P&L a/c. D. debit side of the P & L a/c

Description : Premium received on issue of shares is shown on-----------. A. asset side of the balance sheet B. liability side of the balance sheet C. credit side of the P&L a/c. D. debit side of the P & L a/c

Last Answer : B. liability side of the balance sheet

Can you buy food with a debit card if it has a negative balance?

Description : Can you buy food with a debit card if it has a negative balance?

Last Answer : Depends on your bank’s policy. Mine would allow it then slap me with some hefty overdraft fees.

Finance Charge on a ZERO balance card.

Description : Finance Charge on a ZERO balance card.

Last Answer : I'd have to revisit the fine print (which I don't have the time or inclination to do at this time) but I believe Finance charges are based on an average daily balance over some period of time. In ... as March when you did have a balance. You'll have to check the fine print for your particular cc.

Which of the following card allow spending money only upto the balance in your account ?

Description : Which of the following card allow spending money only upto the balance in your account ?

Last Answer : Which of the following card allow spending money only upto the balance in your account ? A. Debit Card B. Credit Card C. Visa Card D. Master Card

How do I check my visa gift card balance?

Description : How do I check my visa gift card balance?

Last Answer : Look at the back of your Visa Gift Card. There should be instructions with either a phone number or website address where you can check your balance.

How do I check my EBT card balance?

Description : How do I check my EBT card balance?

Last Answer : To check the balance of your SNAP card or your EBT card, the website you would need to go to would be www.ebtedge.com. There you would enter your 16 digit card number and the pin number for your card ... card that you can call. Here, you will also have to enter your 16 digit card number and pin.

Where can I check the balance on my EBT card?

Description : Where can I check the balance on my EBT card?

Last Answer : Go to ebtcardbalance.com and find the state you reside in. Then follow the instructions listed according to your state in order to check your balance!

Apply for a Discover Card and Save on Balance Transfers and Purchases?

Description : Apply for a Discover Card and Save on Balance Transfers and Purchases?

Last Answer : Applying for a Discover card online enables credit card users to take advantage of low balance transfer and purchase rates offered by Discover and compare available programs to assess which is most suited for their ... Bonus if they spend a minimum of $1,000 in the first 90 days of account opening.

How to Find Your Home Depot Gift Card Balance?

Description : How to Find Your Home Depot Gift Card Balance?

Last Answer : If you have a Home Depot gift card and you'd like to find out your Home Depot gift card balance, there are a few ways to go about doing it. First, you could try calling the number on the back ... balance at checkout. Generally, you will be able to see how much is left on your card on the receipt.

where can I find out what the current balance is left on my home depot gift card?

Description : where can I find out what the current balance is left on my home depot gift card?

Last Answer : You can find out how much is left on your Home Depot gift card by going to your local home depot and asking them or calling the hot line number on the back of the card

How to check Gamestop Gift Card Balance online?

Description : How to check Gamestop Gift Card Balance online?

Last Answer : Here is how to check the balance on your GameStop gift card, Visit any GameStop store location and ask a cashier to check the balance for you. We provided all the information's & blogs for the ... that remaining balance on your GameStop Gift Card so you can use it on your next journey to GameStop.

Bin Card is a (a) Quantitative as well as value wise records of material received, issued and balance; (b) Quantitative record of material received, issued and balance (c) Value wise records of material received, issued and balance (d) a record of labour attendance

Description : Bin Card is a  (a) Quantitative as well as value wise records of material received, issued and balance; (b) Quantitative record of material received, issued and balance (c) Value wise records of material received, issued and balance (d) a record of labour attendance

Last Answer : (b) Quantitative record of material received, issued and balance