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What is "Balance Transfer Redeem" in my Program Transaction Summary?

When you receive your Program Transaction Summary, you may notice there are transactions noted as "Balance Transfer Redeem" or "Balance Transfer Fund".

These transactions refer to any card-to-card transfers completed.  The old card will appear with a "Balance Transfer Redeem" transaction when the balance has been cleared and the card has been deactivated.  The new card will appear with the "Balance Transfer Fund" transaction when receiving the transferred balance and cardholders registration information.

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