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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.
Having a new card may entice you to charge even more, especially if your new balance transfer card also offers a 0 percent intro APR on purchases. Take control of your spending by creating a ...
Keep in mind: Even if your balance transfer check offers a 0 percent introductory interest rate, that doesn’t mean the same promo APR applies to your purchases. Be sure to check specifically for ...
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 ...
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.
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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
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