[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.27.4″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_direction=”90deg” background_color_gradient_stops=”rgba(170,102,0,0.67) 0%|rgba(177,144,79,0.34) 100%” background_color_gradient_overlays_image=”on” background_enable_image=”off” background_size=”custom” background_image_width=”110%” custom_padding=”18vh||18vh||true|false” custom_padding_tablet=”13vh||13vh||true|false” custom_padding_phone=”6vh||6vh||true|false” background_last_edited=”on|phone” background_image_width_tablet=”198%” background_image_width_phone=”245%” background_position_tablet=”center_left” background_horizontal_offset_tablet=”6%” global_colors_info=”{}”][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” width=”85%” max_width=”85%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”51cd77b0-fe74-42e7-9c95-ed89f15f99f3″ global_colors_info=”{}”]<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Section” _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”30px||30px||true|false” global_colors_info=”{}”][et_pb_row use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” width=”85%” max_width=”85%” module_alignment=”center” custom_margin=”||35px||false|false” custom_padding=”25px|25px|25px|25px|true|true” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” custom_css_main_element=”margin:auto” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”801cf06c-d7ba-4328-8834-20804f70bdfb” width_tablet=”70%” width_phone=”70%” width_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n
What is a balance transfer?<\/p>\n
[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”ad001091-df83-476e-afca-24303e1f0896″ global_colors_info=”{}”]<\/p>\n
How you can use a credit card to help manage your finances.<\/p>\n
A quick summary<\/span><\/span>\u00a0<\/span><\/strong><\/p>\n <\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” width=”85%” max_width=”85%” module_alignment=”center” custom_margin=”||35px||false|false” custom_padding=”25px|25px|25px|25px|true|true” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” custom_css_main_element=”margin:auto” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”801cf06c-d7ba-4328-8834-20804f70bdfb” width_tablet=”70%” width_phone=”70%” width_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n Balance transfer basics<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”ad001091-df83-476e-afca-24303e1f0896″ global_colors_info=”{}”]<\/p>\n A balance transfer is when you move your existing credit card balance(s) to another credit card with a different financial institute\/Bank.<\/p>\n <\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” width=”85%” max_width=”85%” module_alignment=”center” custom_margin=”||35px||false|false” custom_padding=”25px|25px|25px|25px|true|true” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” custom_css_main_element=”margin:auto” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”801cf06c-d7ba-4328-8834-20804f70bdfb” width_tablet=”70%” width_phone=”70%” width_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n Why is a balance transfer useful?<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”ad001091-df83-476e-afca-24303e1f0896″ global_colors_info=”{}”]<\/p>\n <\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” width=”85%” max_width=”85%” module_alignment=”center” custom_margin=”||35px||false|false” custom_padding=”25px|25px|25px|25px|true|true” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” custom_css_main_element=”margin:auto” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”801cf06c-d7ba-4328-8834-20804f70bdfb” width_tablet=”70%” width_phone=”70%” width_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n A closer look at balance transfers<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”ad001091-df83-476e-afca-24303e1f0896″ global_colors_info=”{}”]<\/p>\n You may be charged a balance transfer fee<\/strong> You\u2019ll also pay interest, depending on your rate<\/strong> You can\u2019t transfer between two cards with the same provider<\/strong> The minimum balance you can transfer is JOD 1000<\/strong> [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” width=”85%” max_width=”85%” module_alignment=”center” custom_margin=”||35px||false|false” custom_padding=”25px|25px|25px|25px|true|true” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” custom_css_main_element=”margin:auto” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”801cf06c-d7ba-4328-8834-20804f70bdfb” width_tablet=”70%” width_phone=”70%” width_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n How a balance transfer works in practice<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”ad001091-df83-476e-afca-24303e1f0896″ global_colors_info=”{}”]<\/p>\n We\u2019ve simplified this example, using a balance transfer credit card with promotional 0% balance transfer rate that lasts for 13 months.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” width=”85%” max_width=”85%” module_alignment=”center” custom_margin=”||35px||false|false” custom_padding=”25px|25px|25px|25px|true|true” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” custom_css_main_element=”margin:auto” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”801cf06c-d7ba-4328-8834-20804f70bdfb” width_tablet=”70%” width_phone=”70%” width_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n How you can make the most of your balance transfer<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”ad001091-df83-476e-afca-24303e1f0896″ global_colors_info=”{}”]<\/p>\n First, explore all your options carefully, checking fees, interest rates and terms to make sure a balance transfer is right for you.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” width=”85%” max_width=”85%” module_alignment=”center” custom_margin=”||35px||false|false” custom_padding=”25px|25px|25px|25px|true|true” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” custom_css_main_element=”margin:auto” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”801cf06c-d7ba-4328-8834-20804f70bdfb” width_tablet=”70%” width_phone=”70%” width_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n How to make a balance transfer with us<\/p>\n\n
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Moving multiple credit card balances onto a single card can make life easier, with one balance to keep track of and one payment to make each month. A balance transfer can help you do this.<\/span><\/span>\u00a0<\/span><\/li>\n<\/ul>\n\n
If you transfer your borrowing to a card with a low promotional\/introductory interest rate \u2013 sometimes 0% \u2013 you could cut your monthly interest payments, so you can pay off what you owe sooner.<\/span>\u00a0<\/span><\/li>\n<\/ul>\n<\/ol>\n
Your balance transfer fee is usually worked out as a percentage of the balance you\u2019re moving across. If you make multiple balance transfers, you\u2019ll likely be charged for each one.<\/p>\n
You might get an introductory interest rate for a set period of time. Or, you might pay your standard balance transfer rate. Either way, the sooner you clear your balance, the less interest you\u2019re likely to pay.<\/p>\n
For example, you can\u2019t transfer your balance from one INVESTBANK credit card to another.<\/p>\n
On the other hand, the maximum varies from person to person depending on your overall credit limit and credit available at the time.<\/p>\n<\/ol>\n
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