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What are balance transfer rates normally used for?
Balance transfer fees are charged on credit cards for sending money from one credit card to another. These fees have a big impact on how much you can save.
Where can one find a listing of credit cards that offer zero percent balance transfer fees?
There are currently no credit card that offers zero percent balance transfer fees. However, there are many that is usually 5% and the compiled list can be found on Nerd Wallet.
Where can one find a credit card with no balance transfer fee?
One would start by asking his local banking operation for such a credit card. Failing that, one could look into acquiring prepaid credit cards that have no balance transfer fees.
How does one compare Balance Transfers?
The company Money Super Market offers an extensive list of many credit cards that allow balance transfers. There are even a few cards that offer a 0% balance transfer rate. Before you transfer your balance you should research the cards you are interested as they may have higher fees than your current card or their fees may increase over a certain time period.
What are the advantages of a credit card free balance transfer?
There are many advantages to a credit card free balance transfer. With this option, one has the ability to save tons of interest with no fees or sometimes very little fees.
