Comments on: What is a balance transfer fee? http://www.e-wisdom.com/faq/credit-cards/what-is-a-balance-transfer-fee/ Answers to frequently asked questions to help you save money on monthly expenses. Thu, 29 Oct 2009 17:03:15 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Matt http://www.e-wisdom.com/faq/credit-cards/what-is-a-balance-transfer-fee/comment-page-1/#comment-72 Matt Tue, 06 Oct 2009 15:19:04 +0000 http://www.e-wisdom.com/faq/?p=1607#comment-72 Yes, in fact, some credit card issuers are increasing balance transfer fees at this time. In the recent past, balance transfer fees were often 2% or 3% of the total amount transferred, but we are now seeing credit cards with increased balance transfer fees up to 5% of the total amount transferred. In addition, credit card offers with no balance transfer fee are becoming more scarce. Balance transfer fees can vary widely not only between credit card issuers, but also between different cards with the same issuer. Always check the terms and conditions of an offer before applying. Any "balance transfer fees" will typically be listed in the "other fees" area of the terms and conditions alongside cash advance fees, late fees, etc. Yes, in fact, some credit card issuers are increasing balance transfer fees at this time. In the recent past, balance transfer fees were often 2% or 3% of the total amount transferred, but we are now seeing credit cards with increased balance transfer fees up to 5% of the total amount transferred. In addition, credit card offers with no balance transfer fee are becoming more scarce.

Balance transfer fees can vary widely not only between credit card issuers, but also between different cards with the same issuer. Always check the terms and conditions of an offer before applying. Any “balance transfer fees” will typically be listed in the “other fees” area of the terms and conditions alongside cash advance fees, late fees, etc.

]]> By: mdg http://www.e-wisdom.com/faq/credit-cards/what-is-a-balance-transfer-fee/comment-page-1/#comment-71 mdg Tue, 06 Oct 2009 01:21:05 +0000 http://www.e-wisdom.com/faq/?p=1607#comment-71 Is it true that alot of credit card companies are raising balance transfer fees? Is it true that alot of credit card companies are raising balance transfer fees?

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