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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 ...
While many cards allow you to transfer balances, these credit cards are among the best balance transfer credit cards available. 1. The Wells Fargo Reflect is a no-annual-fee credit card made for ...
A balance transfer is when you move credit card debt from a card with a high interest rate to one with a lower interest rate—or even a card that offers a 0% APR for an introductory period of time.
Compare it to the average credit card interest rate right now, which is above 20 percent. Fees. Balance transfer fees are typically 3 percent to 5 percent of the transfer amount.
2. Apply for a balance transfer card. You can apply for a balance transfer card online in a matter of minutes. To apply, you’ll need to provide basic personal and financial data, such as your ...
“Credit card interest is very high at present, with rates from 18 percent to as high as 27 percent. Banks are allowed to charge high interest because credit card charges are unsecured loans.
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