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the average fee for a balance transfer can vary based on several factors but usually is around the $50 range.

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โˆ™ 2011-07-20 18:40:47
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Q: What is the average fee for a balance transfer?
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Related questions

What is a no balance transfer fee?

A no balance transfer fee typically will refer to two credit cards. It is saying that if you decide to switch your credit card balance from one card to another you will not have a fee associated with that transaction.


Is there a fee for Capital one 0 balance transfer?

There is no fee for Capital One 0 balance transfers. This is one of the reasons that is has the name Capital One 0. The 0 stands for 0% fee balance transfer.


Does it cost anything to transfer your credit card balance to another card?

When transferring a balance from one credit card to another, a transfer fee is usually charged. This fee is a percentage of what ever the balance is. A higher balance means a higher fee.


What are the best balance transfer credit cards?

Currently the top three credit cards for balance transfers are Barclay Card who have a 0% balance transfer for 27 months with a 2.98% fee, Virgin who have a 0% balance transfer for 26 months with a 2.99% fee and third place is a tie between NatWest Platinum and RBS platinum credit card as both have 0% balance transfer for 26 months with a 2.65% fee.


What types of no fee balance transfer credit cards are available?

There are a few types of no fee balance transfer credit cards that are available. These are normally introductory rates. This includes the Capital One card.


What is the best balance transfer card?

Best balance transfer card of 2013 is slate from chase. It is the only card that is offering a 0% introductory interest rate on balance transfer without charging balance transfer fee but it's only for the first 60 days.


How do credit card balance transfer fees work?

Balance transfer fee guidelines have changed beginning in 2007 and into 2008. Most creditors still have either a 3 or 4% balance transfer fee with a minimum of $5. However, there is no longer a maximum charge on balance transfer among most credit card issuers. This means that a balance transfer on a $10,000 offer could cost you $300 or more as a balance transfer fee. Furthermore, this balance transfer fee is often added into the next month's payment. This could cause this payment to be $300 higher than what you were expecting, which could make it hard to make the required minimum payment. Of course, if you miss that minimum payment, expect to see your interest rates skyrocket!


What is the best credit card with no balance transfer fee?

Finding a credit card that has no balance transfer fee may be easier than getting one. The Citi Simplicity card, Discover It, and Citi Diamond Preferred cards are all cards with no balance transfers.


What does no balance transfer fees mean exactly?

An individual may wish to transfer the balance of one credit card onto another. This is generally done when an offer on the original credit card is ending, or if the APR is higher than the new card. Often when doing this, the new credit card company may charge a fee, generally 1-5% of the balance transfer. When it says no balance transfer fee, it means there is no extra charge for a balance transfer.


Where may one balance transfer credit?

If one wants to transfer a balance from one credit card to another credit card, the gaining credit card will arrange the transfer. There is a transfer fee involved with the transaction.


When would one be charged a balance transfer fee?

Rules regarding balance transfer fees vary by bank and individual bank account. To understand if one should be charged a balance transfer fee, the individual should consult their banking institution or credit card lender to review their individual regulations on these fees.


Which credit cards offer a no fee balance transfer when signing up with their company?

Slate from Chase is a credit card that has a 0% balance transfer fee. The introductory offer lasts for fifteen months from opening the credit card account.

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