The HSBC Gold Mastercard ® has a higher than
average balance transfer fee.
The average balance transfer fee is about 3 % to 5 %.
The HSBC Gold Mastercard ® has a higher than
average balance transfer fee.
You may think it's not really a big deal, but
the average balance transfer fee is 3 % of the total balance transfer with the minimum finance charge of $ 5 and a maximum charge of around $ 75.
Not exact matches
A good introductory APR period and standard variable rate after the fact, along with no annual
fee, make up for the
balance transfer fee that you will be assessed at
average costs.
Barclaycard's MasterCard offers great cash back rewards and an easy to earn sign up bonus, but its
balance transfer advantages are pretty standard with an
average introductory APR period and
balance transfer fee commensurate with many of the other cards on our list.
And there's no monthly
fee if you
transfer at least $ 10 from a Mobank checking account each month or maintain an
average collected
balance of $ 250 for the month.
Balance transfers aren't free — on
average, we see
transfer fees of 3 %.
So I'd recommend the Chase Slate, 15 months, zero APR on
transfers, no
transfer fee and for those with
average or fair credit, the Capital One Quicksilver one 0 % APR on your
transfers till February 2017th, also with no
transfer fee and those
transfer fees will hit you up normally for 3 %, sometimes 5 % of your
balance.
Balance transfer cards usually carry higher - than - average APRs and — if you can't repay the balance before the introductory period — it could potentially cost you more in interest rates and fees than if you leave the balance where
Balance transfer cards usually carry higher - than -
average APRs and — if you can't repay the
balance before the introductory period — it could potentially cost you more in interest rates and fees than if you leave the balance where
balance before the introductory period — it could potentially cost you more in interest rates and
fees than if you leave the
balance where
balance where it is.
A large
balance dropped on credit card
balance transfers at 2 %
average interest /
fees would give you a net 4 % interest savings = $ 2000 / yr saved in interest on a $ 50k
balance.
Average interest rates for a
balance transfer rose about 0.88 percent since January — about in line with the Fed's three rate increases totaling 0.75 — and card issuers have so far been reluctant to increase
fees and trim introductory offers.
Often, despite the
balance transfer fee, going from the
average 16 % APR down to a 0 % APR can save you thousands.
The
average card comes with about six potential
fees — including annual
fees,
balance transfer fees, foreign transaction
fees and late payment
fees — though you can often avoid them if you shop around and use your card wisely.
The Mastercard Black Card's 15 - month introductory period for
balance transfers is long; however, the $ 495 annual
fee on this luxury card is probably beyond the means of the
average cardholder.
It charges a smaller than
average transfer fee, but you have 18 months to pay down the
balance before the rate increases.
[+] They only charge a 3 %
balance transfer fee, which is about
average as
balance transfer fees go.
Balance transfer cards usually carry higher - than - average APRs and — if you can't repay the balance before the introductory period — it could potentially cost you more in interest rates and fees than if you leave the balance where
Balance transfer cards usually carry higher - than -
average APRs and — if you can't repay the
balance before the introductory period — it could potentially cost you more in interest rates and fees than if you leave the balance where
balance before the introductory period — it could potentially cost you more in interest rates and
fees than if you leave the
balance where
balance where it is.
«Look for the longest introductory period, the lowest interest rate during that time, and a very close to
average interest rate when the intro period ends,» Sherry says, adding that customers should see if they can get a
balance transfer fee waiver, too.
Cash advance transaction
fees tend to be slightly higher than what you'd pay for a
balance transfer —
averaging around 5 %.