A credit card issuer charges a balance transfer fee to transfer a balance from another creditor. Learn the pros and cons of balance transfers.
Explore the benefits and drawbacks of balance transfers to manage credit card debt. Learn how they can affect your financial health and credit score.
A balance transfer fee is the price you pay to move a debt from one creditor to another. The fee may be worth paying if you’re transferring debt to a lender that charges a lower interest rate.
Balance transfer fees are added charges you have to pay to consolidate debt. Find out how these fees work and how they factor in when you transfer a balance.
A balance transfer fee is the cost some cards charge, often between 3% and 5%, when you transfer your debt from one card to another.
A balance transfer moves high-interest debt to another card, usually one with a 0% intro APR, so you save on interest while paying off debt.
Credit card issuers charge a balance transfer fee on the total amount transferred from one credit card to another, but that shouldn’t steer you away.
Credit card issuers charge a balance transfer fee on the total amount transferred from one credit card to another, but that shouldn’t steer you away.
Balance transfers are a useful financial tool but often come with fees. Here's how to save with the best credit union cards offering no transfer fees.
A balance transfer can save you money by moving your debt from a high-interest credit card to one with a lower APR. Learn how they work, and find a card that fits your needs.