So, instead of the 2 percent to 3 percent
balance transfer fee of 2008, issuers have raised the bar from 3 percent to 5 percent.
A little research can even reveal a handful of solid balance transfer credit cards that don't charge
balance transfer fees for the service.
This balance transfer promotional offer lasts 15 months and charges neither interest nor
balance transfer fees if you transfer balances within the first 2 months of account opening.
If you're looking to transfer a balance to an existing card, you can find the details of any
applicable balance transfer fees listed in your cardholder agreement.
However after the $ 0 introductory
balance transfer fee period ends, the fee for future balance transfers transactions is 5 % of the amount transferred with a minimum of $ 5.
In fact, the vast majority of credit cards will charge a flat -
rate balance transfer fee for each transfer you make to the card.
The fine print in today's credit card offers include two -
tier balance transfer fees, which can make balance transfers unexpectedly expensive, and — surprise!
By doing this you'll free yourself up to pay off just the debt you owe, without the constant hassle of interest — after paying a relatively
small balance transfer fee of course.
In addition to a somewhat
different balance transfer fee, cash advance fees typically run at a rate of either $ 10 or 5 % (whichever value is greater).
Beware of hidden and high fees including annual, withdrawal, insufficient funds, and
balance transfer fees so you don't accumulate costs that you can't handle.
However, recently the
base balance transfer fee has been 4 % for most national credit card companies making it quite expensive.
For instance, aside from the
pesky balance transfer fee you'll pay, there's also the credit card pull that can affect your credit score whenever you apply for a new card.
If you carry a balance on your credit cards, many cards will offer a zero -
dollar balance transfer fee that can definitely help reduce the interest you pay.
Phrases with «balance transfer fee»