On a $ 5,000 transfer, the 5 % balance transfer fee amounts to $ 250 verses a balance transfer fee of 3 % which amounts to $ 150, which makes this card slightly more expensive if you decide to transfer a balance after the $ 0 introductory balance
transfer fee period ends.
As an example if you are approved to transfer over $ 5,000 to the Chase Slate ® card and you make the transfer during the introductory balance
transfer fee period, you'd save $ 250 on balance transfer fees.
Not exact matches
There are other cards that offer a longer 0 % introductory
period, however very few offer a $ 0 balance
transfer fee.
Bottom Line: The Citi Simplicity ® Card - No Late
Fees Ever is one of the better balance
transfer credit cards, due to the long 0 % intro APR
period.
After the introductory
periods end, a variable APR of 16.49 % -25.24 % applies on balance
transfers and purchases, and there will be a
fee of either $ 5 or 5 % of the amount of each
transfer, whichever is greater.
Unless we are prohibited from doing so by any applicable law, regulation, court order or instruction or guidance of a competent regulatory authority or agency, in terminating your account we may do any of the following at our sole discretion: A.
transfer the funds back to the source; or B. convert your account balance to Bitcoins at our then - prevailing rate, subject to applicable
fees and as soon as practicable give you 48 hours» notice that we intend to deactivate your account, requesting that you provide us with an alternative bitcoin wallet address to which we can
transfer your bitcoin within that
period (the «Redemption Period&ra
period (the «Redemption
Period&ra
Period»);
But through it all, there have remained 0 % intro cards that stayed in the market, albeit with shortened intro
periods and higher
transfer fees.
The grace
period is typically from 12 to 21 months, and most of these cards charge a
transfer fee of 3 % to 5 % of the outstanding balance.
But, as you can see, your savings are diminished if you have large balance
transfer fees and short introductory
periods with higher rates after the intro
period ends.
But some offer an intro
period and no balance
transfer fee.
You will just have to watch out for cash advance
fees, balance
transfer fees and the end of the intro APR
period.
If you think you'll need more than 15 months to pay off the debt you
transfer, compare the cost of paying a balance
transfer fee to the savings from a longer
period that other cards may offer.
Since the Chase Slate ® also charges an annual
fee of $ 0, it's a low - cost option if you'll be able to pay off your balance
transfer within the card's 0 %
period.
Liverpool are adamant they want a
transfer fee of around # 25m for the forward, but are prepared to write in a loan
period with a guarantee of a payment in the summer.
In that same
period, on any given
transfer, agents received about 12.6 percent of the total
fee.
A # 34 million loss for the last recorded accounting
period (2012 - 3), including staff costs of # 26.1 million is far from small beer and if the television deal Leicester will enjoy from August makes those amounts look piddling at face value, the wages and
transfer fees required to compete at the top level will almost certainly be sufficient to keep the club in the red for some time to come.
Similarly an agreed purchase
transfer fee of say # 40m isn't a cost in accounting terms it's an intangible asset which is written down over the
period of the contract.
Another perk is that Barclays Bank Delaware charges no balance
transfer fee even after the end of the offer
period.
The interest - free
period on the Citi Simplicity ® Card - No Late
Fees Ever is nice and long: 0 % on Purchases and Balance
Transfers for 18 months, and then the ongoing APR of 15.49 % - 25.49 % Variable APR..
So if you think you can pay off the balances in a short
period of time, figure out if the interest will be more or less than the balance
transfer fee.
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.
Although the card offers a long 0 % APR
period to encourage balance
transfers, it also comes with a 3 %
fee on
transfers.
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.
The 3 % balance -
transfer fee will eat into interest savings during the introductory
period, and the no - interest offer on new purchases is shorter than for other top cards.
You also get no
fee balance
transfers, cash - advance capabilities, and a 25 - day grace
period on payments when you need it.
The grace
period is typically from 12 to 21 months, and most of these cards charge a
transfer fee of 3 % to 5 % of the outstanding balance.
One advantage to the Citi Simplicity ® Card - No Late
Fees Ever is that the 0 % APR
period applies to balances
transferred within the first 4 months — giving you twice as much time as the US Bank Visa Platinum Card.
This card's long 0 % APR
period means you'll have more time to offset the balance -
transfer fee in interest savings.
There is a 3 % balance
transfer fee after the 18 month introductory
period expires.
A 0 % introductory APR
period of 15 months, $ 0 introductory
transfer fee, and $ 0 annual
fee make this card the best of the bunch when it comes to balance
transfers, specifically high balances.
There is no annual
fee, a 0 % APR on purchases and balance
transfers for 15 months (after the intro
period the APR is a variable rate, currently 17.24 % -22.24 %), and your travel rewards have no restrictions or blackout dates.
In the case of a balance
transfer credit card, you are not charged any interest for some promotional
period of time, after paying a
transfer fee.
What makes the Chase Slate ® credit card useful for balance
transfers is that it comes with a $ 0 balance
transfer fee bonus for the first 60 days as well as a 0 % introductory APR for an extended
period of time on all balance
transfers and purchases.
During an introductory
period of sixty days, there are $ 0 in balance
transfer fees; afterwards, the rate reverts to the standard $ 5 or 5 % (whichever value is greater).
Out of the cards that waive
transfer fees, most typically only do so for a limited
period of time.
The main two things to look for are a long introductory 0 % interest
period as well as the lowest possible balance
transfer fees.
Not only will the bank or credit union which receives the balance
transfer charge a
transfer fee but they will also make money on the balance as most consumers don't pay the balance off in full after the introductory
period.
Is it cheaper to pay the
fee to
transfer your debt to another credit card with a 0 % balance
transfer period, or is it cheaper to just pay down your existing debt quickly?
Avoid monthly maintenance
fees after the introductory
period with a scheduled recurring
transfer each month from checking to savings of $ 25 or more or a minimum daily balance of $ 300 or greater in Regular Savings.
When deciding on the best balance
transfer credit card there are three primary things to look for: APR (interest rate), «interest free»
period, and balance
transfer fee.
; Bill Pay with no monthly
fee; ** all Charter Oak foreign ATM
fees will be rebated, surcharge
fees charged by other financial institutions or networks will be rebated up to $ 9.99 each to a maximum of $ 20 a month and rebated at the end of the month;
fees for financial institution to financial institution
transfers out of your Charter Oak account will be rebated at the end of the month; Readi - Cash Too withdrawal
transfer fee and overdraft
transfer from share
fee is waived; one free standard order of checks during a six month
period (order must be placed at a branch or through the Call Center); free Cashier's Checks and Money Orders; and a $ 100 credit will be applied towards the closing costs of any new Charter Oak mortgage loan.
Pay attention to the regular interest rate on the new card, the balance
transfer fee and the length of the promotional
period.
If you don't qualify for a card like that, it's ok to sign up for one with a balance
transfer fee, as long as you attempt to pay off the card before the intro
period ends.
These types of cards allow you to pay 0 % interest on
transferred balances for a
period of time determined by the issuer — usually between 6 and 18 months — but be mindful of balance
transfer fees.
Credit card balance
transfer fees are usually around 5 %, so take that into the account, if the 0 % APR
period is 6 months, the
fee makes it effectively 10 % APR..
The best balance
transfer credit cards offer longer 0 % APR
periods and some even waive the 3 %
transfer fee you'd have to pay with the PenFed Power Cash Rewards.
The Barclays CashForward ™ World Mastercard ® offers both rewards and a 0 % intro APR
period for balance
transfers - albeit 3 months shorter than that on the Citi Simplicity ® Card - No Late
Fees Ever.
Upon making the
transfer, a
fee is usually charged on the existing balance, after which an interest - free
period exists for a specified time frame.
Its balance
transfer offer is the same as from Citi Simplicity ®: a 21 - month introductory
period, a 3 % balance
transfer fee and waived interest.
But through it all, there have remained 0 % intro cards that stayed in the market, albeit with shortened intro
periods and higher
transfer fees.