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For example, if you were to transfer $10,000 in credit card debt to a balance transfer card, your fee might be 3 percent of your balance ($300) or 5 percent of your balance ($500) depending on the ...
The Wells Fargo Reflect is a no-annual-fee credit card made for balance transfers. It has 0% APR for 18 months from account opening on balance transfers and purchases, followed by a APR.
A balance transfer credit card can help you pay off your debt faster and save money on interest, but it may not be the right move for everyone. ... Negotiating or avoiding balance transfer fees ...
Starting balance. Monthly payments. Months to pay off card. Interest paid. Regular credit card. $5,000. $300. 20. $949. Balance transfer card with fee applied. $5,150
So, let’s say you transfer $5,000 in high-interest credit card debt to a new balance transfer card that charges a 3 percent balance transfer fee. In this case, you would begin repayment on your ...
Assuming you pay it down to $9,000 and move that loan — now including an estimated $360 fee — to a balance transfer card with a 0 percent intro APR for 15 months, the payments would rise to ...
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