A credit card issuer charges a balance transfer fee to transfer a balance from another creditor. Learn the pros and cons of balance transfers.
Credit cards that don’t charge a balance transfer fee are rare, but you can still find a few on the market today.
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.
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.
Save money on credit card interest · If you transfer a balance from a high-interest credit card to a Discover Card with an introductory 0% APR balance transfer offer, you can use the money you save on interest charges to pay down your debt. Pay down your current credit card debt · When you consolidate all your higher-rate credit card debt--or other outstanding debts--with a Discover balance transfer offer, you end up with a single monthly payment and may reduce how much you pay in interest i...
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 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.
Learn how to do a balance transfer on a credit card and see if a balance transfer is right for your current financial situation.
Intro APRs aren’t the only thing to consider when looking for a balance transfer. These cards allow you to consolidate and pay off card debt faster without added fees.