A balance transfer fee on a credit card is one of the most important account terms to consider if you’re interested in reducing the cost of existing credit card debt. More specifically, it is a fee equal to a certain percentage of a balance transferred to a credit card that has the potential to add hundreds to what you owe. The average balance transfer fee is currently 3.04%, according to WalletHub’s latest Credit Card Landscape Report. And you can use WalletHub’s Balance Transfer Calculator to calculate the total cost, including transfer fees, of paying down debt with different balance transfer credit cards: https://wallethub.com/balance-transfer-calculator/.
It's just a fee that you have to pay for the whole balance transfer process. This one doesn't even have that, if you do it within the first 60 days.
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