Cameron DiGiovanni, Writer
@cdigiovanni20
The average balance transfer fee for credit cards is 2.63%. A balance transfer fee is a charge that a cardholder typically must pay when they transfer debt to a credit card. This charge is usually a small percentage of the transaction amount or a small fixed cost, whichever is higher. For large transfers, the percentage fee will almost always be higher, since the fixed cost is usually only $5 or $10.
According to WalletHub data, the average balance transfer fee has fluctuated between 2.5% and almost 3,10% over the past 10 years. That said, people who need to minimize the cost of existing debt can see if a credit card with no balance transfer fee is available, in addition to comparing cards with 0% intro balance transfer APRs.
To determine which card will best suit your needs, compare your potential savings using WalletHub’s balance transfer calculator.

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