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Balance transfer: 0% for the first 18 months your account is open plus a fee of either $5 or 3% of the amount of each transfer, whichever is greater. Transfers made after 60 days of account ...
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.
Some card issuers also have internal rules for balance transfers. Chase, for example, lets cardholders transfer only up to $15,000 to their cards within a 30-day period. ... The best balance ...
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
On a $5,000 transfer, the balance transfer fee will likely be $150 or $250. It's a fairly small price to pay to go from an interest rate of 20% or higher to 0%.
The process of a balance transfer can usually be concluded within hours. Automated services facilitate balance transfers between card issuers. Balances cannot be transferred between cards with the same bank. A transaction fee is a one-off commission charged by the company that receives the balance. This varies from (typically) 1-5% of ...
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