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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 ...
A balance transfer credit card can help you pay off your debt faster and save money on interest, but it may not be the right move for everyone. ... with a 5 percent transfer fee, the total amount ...
Fees. 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 ...
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 ...
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
There's normally a balance transfer fee, which is charged by the card that receives the transfer. The standard amount is 3% to 5%. On a $5,000 transfer, the balance transfer fee will likely be ...
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