Instant reduction means paying this much less directly when paying. Supplementary knowledge: Credit card balance transfer (Balance Transfer)

For consumers who frequently use credit card revolving limits, they can transfer the accumulated amount payable on their bills to the bank for "credit card transfer funds" or "credit card transfer funds" Credit card compensation fee". Because the revolving credit limit provided by a credit card is a short-term loan with daily interest; every time a consumer uses the credit card's revolving limit, the bank will charge an interest equivalent to the annual interest limit of about 20 (different banks vary). ). Compared with the interest rate of about 14% for credit card refinancing, consumers can save at least about 30% in interest expenses.

In addition to saving interest expenses, generally speaking, credit card refinancing can also provide consumers with at least the following benefits:

Provide new credit card spending power: once consumers use The revolving credit amount with high interest rate is concentrated into the credit card loan account with lower interest rate, which is equivalent to increasing the consumption ability and allowing you to enjoy the fun of swiping credit card consumption. Reduce capital allocation costs: Financial management is limited to three directions: saving money, using money and borrowing money; credit card refinancing allows consumers to use the easiest way to obtain funds from this discount. Consolidated account expense management records: Consumers can consolidate part or all of the bank's outstanding revolving credit into one consolidated account, eliminating the inconvenience of managing multiple credit card accounts, saving time in financial management, and making it easier to manage multiple accounts. account.