Abstract: A system for transferring existing credit card balances to a credit instrument issuing facility including a refinance entity in communication with cardholders of one or more credit card accounts, at least one credit reporting agency in communication with the refinance entity for providing credit reports to the refinance entity; at least one credit instrument issuing facility in communication with the refinance entity for accepting a summary report of the inputted application forms including a blended annual percentage rate from the refinance entity, the at least one credit instrument issuing facility capable of issuing a refinanced debt credit card account to the cardholders to replace all of the one or more credit card accounts, wherein the refinance entity closes all of the one or more credit card accounts, transfers all of the balances of the credit card accounts to the credit instrument issuing facility, issues the refinanced debt credit card account.