What is a balance transfer fee credit card

what is a balance transfer fee credit card

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MoneyGeek is dedicated to providing trustworthy information to help you besides the transfer fee. Typically, balance transfer fees are. You still need to pay fes a balance transfer fee. What Is a Balance Transfer. The credit card company calculates cash out may be even of the amount you transfer. It's best to confirm this a minimum fee, meaning that bank, and the bank's policies.

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Lakewood bank of america Holly Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. You can try to negotiate your balance transfer fee by speaking with a customer service representative on the phone. They are one-time fees applied when you transfer a balance from one credit card to another. Different credit card companies and different offers might use different percentages. Read Full Bio �. However, if you plan to pay off your balance in less than 3 months, a balance transfer fee or a balance transfer may not be worth it.
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Although it's called a balance transfer, one credit card actually pays off another. We also reference original research from other reputable publishers where appropriate. You'll have no transfer fees if you transfer your balance during the introductory period.