What is a balance transfer?

Last Updated: 07 Sep 2016

A balance transfer is when you transfer the balance owing from another banks credit card or store card e.g. Visa or MasterCard (any bank except ASB), American Express, Diners Club, GE, Q Card, Farmers or The Warehouse to your ASB credit card.

It is ideal when you are looking to pay down your credit card debt or avoid paying higher interest elsewhere, making managing your money easier.

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