Credit transfer : transferring credit from one credit card to another

Fatawa Question

Salamu 'Alaikum, What do the scholars say about transferring credit from one credit card to another ? As you know, people do this when they are offered a lower rate. Also, some credit-card companies charge a fee for doing this. Is it allowed to transfer credit for a fee like that ? Jazak-Allahu khair, Was-Salam.

Fatwa

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Publication Date

2009-06-02

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-728394

American Psychological Association (APA)

Qahf, Mundhir. 2009-06-02. Credit transfer : transferring credit from one credit card to another. .
https://search.emarefa.net/detail/BIM-728394

Modern Language Association (MLA)

Qahf, Mundhir. Credit transfer : transferring credit from one credit card to another. 2009-06-02.
https://search.emarefa.net/detail/BIM-728394

American Medical Association (AMA)

Qahf, Mundhir. 2009-06-02. Credit transfer : transferring credit from one credit card to another.
https://search.emarefa.net/detail/BIM-728394