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Balance Transfer Fees

Balance transfer fees are charges that are assessed by a credit card issuer when a cardholder transfers the balance of one credit card to another credit card. These fees are typically a percentage of the amount of the balance transfer, and they are designed to cover the costs associated with processing the transfer and transferring the funds. Continue Reading Below  

About Balance Transfer Fees

Balance transfer fees are charges that are assessed by a credit card issuer when a cardholder transfers the balance of one credit card to another credit card. These fees are typically a percentage of the amount of the balance transfer, and they are designed to cover the costs associated with processing the transfer and transferring the funds. Balance transfer fees can vary depending on the credit card issuer and the specific terms of the card. Some credit cards may waive balance transfer fees for a promotional period, while others may charge a flat fee or a higher percentage for balance transfers. It is important for consumers to understand the balance transfer fees associated with a credit card before they decide to transfer a balance.
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