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Balance transfer fees are typically 3 percent to 5 percent of the transfer amount. You should also consider any other fees , including if the card comes with an annual fee. Intro APR on purchases.
With a balance transfer to a 0% card, even with a 3% transfer fee, you could pay off your debt in 32 months and only pay about $700 in interest. Thus, in this scenario you can save over $3,900 in ...
A balance transfer is when you move your balance from one credit card to another offering a lower or 0% annual percentage rate (APR) for a set period of time, usually six months to up to two years ...
Depending on the terms of the card you’re considering and its current promotion, you may have to pay a balance transfer fee. This fee usually equates to 3 percent to 5 percent of the total ...
Most balance transfer cards charge balance transfer fees of 3 percent to 5 percent of your balance. So, if you transfer $5,000 to a balance transfer card, you could pay an extra $150 to $250 in fees.
For example, if you have a car loan with a 7 percent interest rate, transferring it to a balance transfer credit card with a 29.99 percent regular interest isn’t likely to make sense if you’ll ...
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