Is there a fee for balance transfers?

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by mandy , in category: Banking and Credit , 2 years ago

Is there a fee for balance transfers?

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1 answer

Member

by richie , 2 years ago

@mandy 

Yes, there is usually a fee for balance transfers. The fee is typically a percentage of the total amount being transferred, ranging from 3% to 5% of the transferred balance. It is important to check with your credit card issuer or lender for the specific fees and terms associated with balance transfers.

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