To do a student credit card balance transfer, you'll want to find a credit card with a good deal on balance transfers, then do some math to make sure the transfer will save you money in the long run. That means looking at 3 things: your current card's APR, the new card's balance transfer fees, and the new card's APR. Some cards have 0% APR on balance transfers for a period of time, but they'll charge you a percentage of the balance as a fee. Balance transfer fees go as high as 5% on some cards, which can get expensive, and might make the transfer a bad idea.
But there are great deals out there, even for college students. For example, the BankAmericard Credit Card for Students has no balance transfer fee for the first 60 days, and 0% APR on balance transfers for 15 months. Granted you transfer your balance within 60 days, you're virtually guaranteed to benefit financially from a balance transfer to this card, because there is no fee or APR, and whatever credit card you're transferring from will most certainly have a higher APR than 0%.
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