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For example, if you have a card with a $5,000 balance transfer limit and a 3 percent balance transfer fee, the most you’ll be able to transfer is about $4,850.
A balance transfer can be a helpful tool for paying off high-interest credit card debt interest-free for an extended period of time. ... credit limit, and $10,000 is at the high end for most ...
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 ...
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 ...
“Credit card interest is very high at present, with rates from 18 percent to as high as 27 percent. ... “Know that a credit transfer is not free money to extend paying off your open balance ...
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