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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 ...
The Wells Fargo Reflect Card also offers a 21-month 0 percent intro APR on qualifying balance transfers made within 120 days of account opening, but it goes a step further and offers that same ...
The most important reason to pursue a balance transfer credit card is to take advantage of a low or 0 percent introductory APR offer. By transferring your debt to this new card, you start saving ...
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.
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 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 ...
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