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The balance transfer fee may also depend on when you make your balance transfers. Some cards charge an intro balance transfer fee of 3% for transfers made in the first 60 or 120 days. After that ...
At that point, Card B’s balance is cleared out — but Card A has $1,000 added to its balance (plus any associated balance transfer fees) since you just used a balance transfer check to borrow ...
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.
“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.
A credit card balance transfer is the transfer of the outstanding debt (the balance) in a credit card account to an account held at another credit card company. [1] This process is encouraged by most credit card issuers as a means to attract customers. The new bank/card issuer makes this arrangement attractive to consumers by offering incentives.
At that point, Card B’s balance is cleared out — but Card A has $1,000 added to its balance (plus any associated balance transfer fees) since you just used a balance transfer check to borrow ...
For example, if you have a car loan with a 7 percent interest rate, transferring it to a balance transfer credit card with a 29.99 percent regular interest isn’t likely to make sense if you’ll ...
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related to: bpi madness limit to cash loan balance transferbestmoney.com has been visited by 100K+ users in the past month