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Everything You Need To Know About Balance Transfer Fees
Manage episode 363454913 series 3471983
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Balance transfer fees are charges imposed by credit card issuers when you transfer an existing credit card balance to a new card. These fees are typically calculated as a percentage of the transferred amount, usually ranging from 3% to 5% of the balance. The purpose of balance transfer fees is to compensate the credit card issuer for processing the transfer and assuming the risk of the transferred debt. Read More: https://akhilamtech.blogspot.com/2023/05/everything-you-need-to-know-about.html
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