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  2. How do balance transfers work, and will one work for you? - AOL

    www.aol.com/finance/balance-transfers-one...

    Most credit card issuers charge a balance transfer fee upfront. Usually it’s the greater of a percentage of the debt or a flat fee. For example, 3% of the balance or $20, whichever is higher.

  3. 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 ...

  4. 8 balance transfer credit card mistakes to avoid - AOL

    www.aol.com/finance/8-balance-transfer-credit...

    6. Neglecting the fee in your analysis. Almost all balance transfer credit cards involve an initial balance transfer fee.The credit card issuer that inherited your debt from another account will ...

  5. 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

  6. Balance transfer - Wikipedia

    en.wikipedia.org/wiki/Balance_transfer

    While many credit card issuers offer 0% interest balance transfers, some issuers also charge a transfer fee, which could range from 0–5%. As a result, consumers should evaluate the balance transfer interest rate during the promotional period, the length of the promotional period, and the balance transfer fee when deciding on which balance ...

  7. Pros and cons of a balance transfer - AOL

    www.aol.com/finance/pros-cons-balance-transfer...

    The best balance transfer credit card you choose could offer more than a 0 percent intro balance transfer APR. It may also offer better overall benefits — possibly including cash back, rewards ...

  8. How to do a credit card balance transfer - AOL

    www.aol.com/finance/credit-card-balance-transfer...

    Most balance transfer cards charge balance transfer fees of 3 percent to 5 percent of your balance. So, if you transfer $5,000 in debt to a balance transfer card, you could pay an extra $150 to ...

  9. How to choose a balance transfer credit card - AOL

    www.aol.com/finance/choose-balance-transfer...

    Understand how balance transfers work. ... Most balance transfer cards charge a fee between 3 percent and 5 percent (often with a $5 minimum) of the transferred balance. For example, if you ...

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